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2.4710
1.3333
1.3699
1.3333
1.3699
1.3333
1.3072
1.3699
1.3333
1.3072
1.3699
1.3333
1.3072
1.3699
1.3333
0.75
0.75
0.75
0.70
16000000
15500000
3
3
0
P2Y6M
P3Y
4
9
10
2
3
3
3
P2Y
P1Y
P1Y
P1Y
P60D
167900000
177000000
71100000
P24M
0.0107
0.0306
0.0355
0.0314
0.0318
0.0296
0.0307
0.0342
0.0324
0.0355
18662363
16781950
1880413
9089070
13928552
17428648
3541807
10441408
5279854
5714575
9600000
5000000
-500000
8600000
15000000
2
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
32972606
34629595
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 16—Due to Borrowers</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Due to borrowers represents borrowers' funds held by us to fund certain expenditures or to be released at our discretion upon the occurrence of certain pre-specified events, and to serve as additional collateral for borrowers' loans. While retained, these balances earn interest in accordance with the specific loan terms they are associated with.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
585143
0.225
0.225
0.20
0.10
0.50
0.1909
0.50
0.50
2
0.10
0.0144
0.50
22551762000
29829360000
23345096000
26793320000
21763714000
118164601000
119713191000
224931306000
36060617000
1300000
33032580000
43766835000
477935000
258516000
10215267000
204475000
-248658000
-12300516000
691487617000
1044965627000
58265261000
59266385000
157772966000
5709013000
4168348000
130931755000
19169267000
121802429000
493627000
620906000
1627791000
6686053000
7993602000
15320832000
22653656000
30064837000
639813257000
973649322000
6653440000
6500526000
6800824000
85550846000
89192393000
95937528000
1000000
1000000
0
0
1
6
5
1
0
0
34750000
38039122
35609122
2430000
35000000
38039122
35609122
2430000
0.0295
0.0503
0.0512
0.0369
0.0195
0.0503
0.0512
0.0369
1
0
100000
0.13
0.47
0.62
0.00
0.13
0.86
0.10
0.32
0.06
0.29
0.69
0.07
0.35
0.43
0.00
0.07
0.85
0.02
0.32
0.05
0.27
0.13
17200000
63
895400000
58100000
11009162
19171882
8162720
55400000
8
0
221600000
23200000
25000000
5900000
221602399
11900000
39232710
34249959
117621457
30498273
189209415
1700000
7350764
34486433
122875774
22796444
31500000
151900000
125300000
4
6
0.0960
9
15
10
9
1000000
250000
7425643
5462763
7466286
4095860
16572440
24450552
3098910
18802042
10853045
3056427
1793660
1.2000
1.2000
1.2000
5
4.5
4
3.5
3
5
1
115000000
11540649
2904057
26185691
26200000
0.0180
0.0104
0.76
0.81
0.84
0.74
0.76
0.88
0.94
0.73
0.83
0.88
0.79
0.75
0.76
0.83
0.80
0.75
0.76
0.87
0.94
0.75
0.80
0.90
0.75
0.67
1325667053
1523699653
1459475650
1450334341
1300371220
29133182
83823705
1114438043
37006234
185933177
5538648
23474849
45980559
820240110
20388300
31050000
31469583
1600000
5000000
103794387
1793146
133007015
37006234
4058333
P1Y
2
11500000
34000000
22900000
2
P1Y
0.0050
0.0025
0.0025
0.0025
0.0025
0.0025
0.0025
0.0025
0.1200
0.0025
0.0021
0.0050
0.0015
0.0025
0.0015
0.0150
0.0050
3
70100000
0
47
55
16
18
10
1
17
100
2
26
139000000
10900000
9900000
10900000
0.035
0.25
0.095
P3Y
10.00
0.60
P1Y
10000000
P6M
P10Y
P120D
P120D
2000000000
20000000
100000000
300000000
5385999
4976577
5555539
10500000
500000
25000000
300000
2.3
20.5
174460160
171457394
143824571
313932084
251658406
489742125
565590490
250000000
342988734
287946641
338034689
968970064
LIBOR
LIBOR
39300000
0.1300
0.14
0.12
0.0236
0.10
0.125
0.10
0.12
322926
907052
6929472
0.0165
0.0500
54261753
26558929
84707265
1.00
0.05
0.08
0.80
1.000
0.07
0.729
0.042
0.081
0.145
0.003
1.00
0.03
0.05
0.88
1.000
0.04
0.701
0.043
0.106
0.129
0.021
60
222903486
202758120
192522685
315390280
252353210
618184291
567743490
343561696
288581773
339019221
971162690
4424097
19000000
2500000
P22M9D
P37M3D
P45M15D
P19M24D
P12M9D
P17M21D
P32M27D
P30M15D
P16M21D
P11M6D
67600000
5884655
3224868
3907007
24713459
6501079
32000000
9119221
1886133
21865136
31000000
31000000
27155000
27155000
27111231
27111231
27200000
24700000
30984357
30984357
29962066
27155000
27155000
27111231
11005354
4500000
2200000
9300000
2000000
32000000
71700000
3
5
4
5
0
0
0
2
2
2
2
7500000
6500000
5
5
169200000
213100000
-4626192
-4626192
-4626192
1.2972
1.3599
1.3233
0.05
594127146
908769736
985008307
0
0
0
2632845
858750
2602500
14500
14698
14459
165385926
59613649
100000
100000
600000
100000
0.50
0.50
0.92
0.15
P5Y
P2Y
400000
1000000
266664
203438
266664
203438
159375
266664
203438
159375
1551500
1260000
900000
900000
37315694
30338961
37315694
37315694
30338961
30338961
21641250
21641250
21641250
50000000
47400000
177000000
281250000
486750000
43900000
378738674
987700535
985788250
4400000
0.25
P7Y6M
0.0475
6500000
9026712
6509149
P1Y
3
2
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Real Estate Owned and Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate owned, shown net of accumulated depreciation and impairment charges, is comprised of real property acquired by foreclosure or through partial or full settlement of mortgage debt. Real estate acquired is recorded at its estimated fair value at the time of acquisition.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Costs incurred in connection with the foreclosure of the properties collateralizing the real estate loans are expensed as incurred and costs subsequently incurred to extend the life or improve the assets subsequent to foreclosure are capitalized.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We allocate the purchase price of our operating properties to land, building, tenant improvements, deferred lease costs for the origination of the in-place leases, intangibles for the value of the above or below market leases at fair value and to any other identified intangible assets or liabilities. We finalize our purchase price allocation on these assets within one year of the acquisition date. We amortize the value allocated to the in-place leases over the remaining lease term, which is reported in depreciation and amortization expense on our consolidated statements of income. The value allocated to the above or below market leases are amortized over the remaining lease term as an adjustment to rental income.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate assets are depreciated using the straight-line method over their estimated useful lives. Ordinary repairs and maintenance which are not reimbursed by the tenants are expensed as incurred. Major replacements and betterments which improve or extend the life of the asset are capitalized and depreciated over their estimated useful life.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our properties are individually reviewed for impairment each quarter, if events or circumstances change indicating that the carrying amount of the assets may not be recoverable. We recognize impairment if the undiscounted estimated cash flows to be generated by the assets are less than the carrying amount of those assets. Measurement of impairment is based upon the estimated fair value of the asset. In the evaluation of a property for impairment, many factors are considered, including estimated current and expected operating cash flows from the property during the projected holding period, costs necessary to extend the life or improve the asset, expected capitalization rates, projected stabilized net operating income, selling costs, and the ability to hold and dispose of such real estate owned in the ordinary course of business. Impairment charges may be necessary in the event discount rates, capitalization rates, lease-up periods, future economic conditions, and other relevant factors vary significantly from those assumed in valuing the property.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate is classified as held-for-sale when management commits to a plan of sale, the asset is available for immediate sale, there is an active program to locate a buyer, and it is probable the sale will be completed within one year. Real estate assets that are expected to be disposed of are valued, on an individual asset basis, at the lower of their carrying amount or their fair value less costs to sell.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We recognize sales of real estate properties upon closing. Payments received from purchasers prior to closing are recorded as deposits. Gain on real estate sold is recognized using the full accrual method when the collectability of the sale price is reasonably assured and we are not obligated to perform significant activities after the sale. A gain may be deferred in whole or in part until collectability of the sales price is reasonably assured and the earnings process is complete.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
4
5
3
1
2
79
76
90
0.85
0.48
0.90
0.51
0.94
0.53
38
39
48
175181262
66027912
6000000
2418528
33438472
11000000
8200000
42300000
2000000
0.066
0.19
0.24
0.95
0.95
0.50
0.90
0.075
0.075
0.50
19000000
19000000
19000000
7500000
53000000
6400000
2000000
15000000
16700000
7100000
3000000
3000000
5100000
14600000
30400000
5000000
22400000
6300000
4600000
1100000
6
2
2
2
0.105
5300000
87500000
177000000
1300000
33438472
1300000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Management Fees: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Base(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Incentive(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total management fee</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Charge-offs:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,789,815
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,252,129
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,671,515
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Condo</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(43,713,459
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Recoveries:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(754,394
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,815,724
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,510,949
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(704,494
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,287,869
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,042,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,215,443
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net Recoveries (Charge-offs)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,457,737
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,814,645
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(41,498,016
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Ratio of net charge-offs during the period to average loans and investments outstanding during the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash Flow Triggers </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Overcollateralization(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Interest Coverage(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>247.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>303.11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267.62
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The overcollateralization ratio divides the total principal balance of all collateral in the CLO by the total principal balance of the bonds associated with the applicable ratio. To the extent an asset is considered a defaulted security, the asset's principal balance for purposes of the overcollateralization test is the lesser of the asset's market value or the principal balance of the defaulted asset multiplied by the asset's recovery rate which is determined by the rating agencies. Rating downgrades of CLO collateral will generally not have a direct impact on the principal balance of a CLO asset for purposes of calculating the CLO overcollateralization test unless the rating downgrade is below a significantly low threshold (e.g. CCC–) as defined in each CLO vehicle.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The interest coverage ratio divides interest income by interest expense for the classes senior to those retained by us.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Condensed Combined Balance Sheets </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,829,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,551,762
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Real estate assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>973,649,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>639,813,257
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>121,802,429
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,169,267
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>681,534,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Notes payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,044,965,627
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>691,487,617
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,064,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,653,656
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,075,030,464
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>714,141,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Stockholders' equity Arbor(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,292,234
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,291,066
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Stockholders' equity (deficit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,958,413
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36,898,053
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total stockholders' equity (deficit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,250,647
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,606,987
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Total liabilities and equity (deficit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>681,534,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Combined with $0.6 million of equity relating to the issuance of junior subordinated notes, equals $30.9 million of investments in equity affiliates at December 31, 2015. Combined with $0.6 million of equity relating to the issuance of junior subordinated notes, equals $4.9 million of investments in equity affiliates at December 31, 2014.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Statements of Operations: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Rental income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,937,528
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,192,393
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,550,846
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,215,267
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>477,935
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130,931,755
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,168,348
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,709,013
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Reimbursement income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,800,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,653,440
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,320,832
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,993,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,686,053
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total revenues</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,206,206
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,113,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,077,287
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,772,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,266,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,265,261
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,766,835
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,032,580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,060,617
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,763,714
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,793,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,345,096
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,627,791
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>620,906
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>493,627
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,931,306
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,713,191
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,164,601
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,274,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,599,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,087,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Arbor's Share of income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,300,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,658
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(204,475
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Determination Date(1) </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">January 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">October 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">July 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">April 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">January 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The table above represents the quarterly trend of our overcollateralization ratio, however, the CLO determination dates are monthly and we were in compliance with this test for all periods in 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Multifamily</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Office</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Building</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Multifamily</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,844
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,293,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,509,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,341,495
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,844
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,393,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,932,495
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Building and intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,643,889
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,338,882
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,391,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,373,771
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,249,869
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,818,891
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,068,760
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Less: accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,399,041
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,329,615
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(141,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16,869,757
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,414,267
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,661,347
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,075,614
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Real estate owned, net. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,783,692
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,302,918
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,758,899
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,845,509
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,374,446
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,551,195
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,925,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="20" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For Tax Purposes</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="3" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" rowspan="3" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Classified</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">as Return of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Capital</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend Classified as</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ordinary Income</font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Capital Gain</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Distribution</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividends</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid(1)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Qualified</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Income(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Common Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,495
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.520
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.520
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,327
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"></font><font style="display:inline;font-family:Times;font-weight:bold;">8.25% Series A Preferred Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,667
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.719
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.719
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"></font><font style="display:inline;font-family:Times;font-weight:bold;">7.75% Series B Preferred Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,441
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,441
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,370
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.087
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.087
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"></font><font style="display:inline;font-family:Times;font-weight:bold;">8.50% Series C Preferred Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,913
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.617
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.617
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014 is the initial year for the Series C preferred stock dividend.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Qualified dividend income is eligible for reduced dividend rates.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
180046999
180386200
180046999
14996242
92324890
29866116
42859751
180046999
179964341
136252135
137325474
136252135
24114494
16431870
57610463
24328863
13766445
136252135
137072691
137072691
180386200
15000000
92520637
29890563
42975000
137325474
24120000
16500000
58270774
24582200
13852500
81000000
82300000
400000
700000
1500000
100000
800000
1000000
2000000
500000
1200000
1500000
1100000
2300000
100000
500000000
330400000
2000000
0.03
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 9—Variable Interest Entities</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We have evaluated our loans and investments, mortgage related securities, investments in equity affiliates, senior unsecured notes, junior subordinated notes and CLOs, in order to determine if they qualify as VIEs or as variable interests in VIEs. This evaluation resulted in determining that our bridge loans, junior participation loans, mezzanine loans, preferred equity investments, investments in equity affiliates, junior subordinated notes, CLOs and investments in mortgage related securities are potential VIEs.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our involvement with VIEs primarily affects our financial performance and cash flows through amounts recorded in interest income, interest expense, provision for loan losses and through activity associated with our derivative instruments.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Consolidated VIEs</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We consolidate our CLO and CDO subsidiaries, which qualify as VIEs, of which we are the primary beneficiary. These CLOs and CDOs invest in real estate and real estate-related securities and are financed by the issuance of CLO and CDO debt securities. We, or one of our affiliates, is named collateral manager, servicer, and special servicer for all CLO and CDO collateral assets which we believe gives us the power to direct the most significant economic activities of the entity. We also have exposure to CLO and CDO losses to the extent of our equity interests and also have rights to waterfall payments in excess of required payments to CLO and CDO bond investors. As a result of consolidation, equity interests in these CLOs and CDOs have been eliminated, and the consolidated balance sheets reflect both the assets held and debt issued by the CLOs and CDOs to third parties. Our operating results and cash flows include the gross amounts related to CLO and CDO assets and liabilities as opposed to our net economic interests in the CLO and CDO entities.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Assets held by the CLOs and CDOs are restricted and can be used only to settle obligations of the CLOs and CDOs. The liabilities of the CLOs and CDOs are non-recourse to us and can only be satisfied from each CLOs and CDOs respective asset pool. Assets and liabilities related to the CLOs and CDOs are disclosed parenthetically, in the aggregate, in our consolidated balance sheets. See Note 7—"Debt Obligations" for further details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We are not obligated to provide, have not provided, and do not intend to provide financial support to any of the consolidated CLOs and CDOs.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Unconsolidated VIEs</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We determined that we are not the primary beneficiary of 22 VIEs in which we have a variable interest as of December 31, 2015 because we do not have the ability to direct the activities of the VIEs that most significantly impact each entity's economic performance. VIEs, of which we are not the primary beneficiary, have an aggregate carrying amount of $346.5 million and exposure to real estate debt of approximately $1.7 billion at December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our variable interests in identified VIEs, of which we are not the primary beneficiary, as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maximum</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Exposure to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,324,649
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,324,649
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior subordinated notes(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Equity investment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>346,454,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>346,454,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents the carrying amount of loans and investments before reserves. At December 31, 2015, $152.3 million of loans to VIEs had corresponding loan loss reserves of $80.6 million. See Note 3—"Loans and Investments" for further details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Our maximum exposure to loss as of December 31, 2015 would not exceed the carrying amount of its investment.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">It is not appropriate to consolidate these entities as equity interests are variable interests only to the extent that the investment is considered to be at risk. Since our investments were funded by the entities that issued the junior subordinated notes, it is not considered to be at risk.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
346454465
344324649
100
578000
1551716
22
1700000000
0.05
false
--12-31
FY
2015
2015-12-31
10-K
0001253986
50962516
Yes
Accelerated Filer
289200000
ARBOR REALTY TRUST INC
No
No
142500000
3.241
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Remaining</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Months to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353,132,435
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.48
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,390,905
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.19
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,346,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.63
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,030,129
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(86,761,575
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Remaining</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Months to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,273,439,238
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.19
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,392,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.78
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,091,952
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.62
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,505,658
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,587,429,498
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.45
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,466,528
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</td>
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</td>
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</td>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(115,487,320
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<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
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<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">"Weighted Average Pay Rate" is a weighted average, based on the unpaid principal balances of each loan in our portfolio, of the interest rate that is required to be paid monthly as stated in the individual loan agreements. Certain loans and investments that require an additional rate of interest "Accrual Rate" to be paid at the maturity are not included in the weighted average pay rate as shown in the table.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The "First Dollar LTV Ratio" is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The "Last Dollar LTV Ratio" is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
-300000
400000
-15000000
-5300000
-14668250
-4840950
612806365
616244196
200000
300000
200000
400000
500000
1000000
500000
400000
300000
300000
400000
100000
300000
900000
800000
400000
400000
400000
100000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance at beginning of the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,277,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161,706,313
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Provision for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,509,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,026,712
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,713,459
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-off on loan reclassified to real estate owned, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-off on loan converted to other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Recoveries of reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(734,894
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,215,443
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance at end of the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,277,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
2215443
1510949
704494
9315724
7815724
1500000
2042263
754394
1287869
900000
700000
600000
3400000
1500000
500000
3300000
1866494039
1827391944
33400000
2499709
2158789
2499709
2499709
2499709
499709
2000000
2000000
2022030
1610505
2022030
2022030
2022030
470314
1551716
2022030
2022030
470314
1551716
400000
340920
440920
411525
411525
100000
2158789
58789
2100000
1610505
58789
1551716
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Basis of Presentation and Principles of Consolidation</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accompanying consolidated financial statements include our financial statements, our wholly owned subsidiaries, and partnerships or other joint ventures in which we own a voting interest of greater than 50 percent, and variable interest entities ("VIEs") of which we are the primary beneficiary. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, which is the party that (i) has the power to control the activities that most significantly impact the VIE's economic performance and (ii) has the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Current accounting guidance requires us to present a) assets of a consolidated VIE that can be used only to settle obligations of the consolidated VIE, and b) liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of the primary beneficiary. As a result of this guidance, we have separately disclosed parenthetically the assets and liabilities of our CLO and CDO subsidiaries on our consolidated balance sheets. Entities in which we have a significant influence are accounted for primarily under the equity method. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All significant inter-company transactions and balances have been eliminated in consolidation.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally acceptable in the U.S. ("GAAP") requires management to make estimates and assumptions that could materially affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Further, in connection with preparation of the consolidated financial statements, we evaluated events subsequent to the balance sheet date of December 31, 2015 through the issuance of the consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Certain prior year amounts have been reclassified to conform to current period presentation. In the fourth quarter of 2015, we early adopted accounting guidance which reclassifies deferred debt issuance costs from other assets to the related liabilities. As a result of adopting this new guidance, we reclassified deferred financing costs totaling $17.4 million and $13.9 million from other assets to our debt facilities for the years ended December 31, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In past years, we repurchased shares of our common stock pursuant to a share repurchase program authorized by our Board of Directors. These repurchased shares are subject to state corporate laws that establish the legal status of redeemed shares and prevent them from being reported as treasury shares within the consolidated financial statements. We previously misclassified the repurchased shares as treasury stock. These share repurchases should have been classified as reductions of common stock and additional paid-in capital. The accompanying consolidated balance sheets and consolidated statements of changes in equity have been restated for all periods presented to correct the misclassification. The correction results in reductions in common stock and additional paid-in capital of $26,507 and $17.1 million, respectively, for all periods presented. The reclassification has no impact on any other amounts included in our previously reported consolidated financial statements.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
9600000
9700000
250000000
29188889
60389552
50417745
188708687
31200663
-9971807
138290942
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Restricted Cash</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Restricted cash primarily represents proceeds from loan repayments on deposit with the trustees for our CLOs which will be used for principal repayments, unfunded loan commitments and interest payments received from loans. See Note 7—"Debt Obligations." Restricted cash is also held by our real estate owned assets due to escrow requirements.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Cash and Cash Equivalents</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. We place our cash and cash equivalents in high quality financial institutions. The consolidated account balances at each institution periodically exceed Federal Deposit Insurance Corporation (FDIC) insurance coverage and we believe that this risk is not significant.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
25800000
4.00
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 11—Commitments and Contingencies</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Contractual Commitments</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our debt obligations have approximate maturities of $144.7 million in 2016, $360.7 million in 2017, $242.5 million in 2018, $161.1 million in 2019, $23.4 million in 2020 and $273.7 million thereafter.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In accordance with certain loans and investments, we have outstanding unfunded commitments of $11.5 million as of December 31, 2015 that we are obligated to fund as the borrowers meet certain requirements. Of this total, we have $3.1 million in restricted cash which was available to fund all of the unfunded commitments for loans financed by our CLO vehicles. Specific requirements include, but are not limited to, property renovations, building construction, and building conversions based on criteria met by the borrower in accordance with the loan agreements.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Litigation</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We currently are neither subject to any material litigation nor, to our knowledge, is any material litigation currently threatened against us other than the following:</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On June 15, 2011, three related lawsuits were filed by the Extended Stay Litigation Trust (the "Trust"), a post-bankruptcy litigation trust alleged to have standing to pursue claims that previously had been held by Extended Stay, Inc. and the Homestead Village L.L.C. family of companies (together "ESI") (formerly Chapter 11 debtors, together the "Debtors") that have emerged from bankruptcy. Two of the lawsuits were filed in the U.S. Bankruptcy Court for the Southern District of New York, and the third in the Supreme Court of the State of New York, New York County. There were 73 defendants in the three lawsuits, including 55 corporate and partnership entities and 18 individuals. A subsidiary of ours and certain other entities that are affiliates of ours are included as defendants. The New York State Court action has been removed to the Bankruptcy Court. Our affiliates filed a motion to dismiss the three lawsuits.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The lawsuits all allege, as a factual basis and background certain facts surrounding the June 2007 leveraged buyout of ESI from affiliates of Blackstone Capital. Our subsidiary, Arbor ESH II, LLC, had a $115.0 million investment in the Series A1 Preferred Units of a holding company of Extended Stay, Inc. The New York State Court action and one of the two federal court actions name as defendants, Arbor ESH II, LLC, Arbor Commercial Mortgage, LLC and ABT-ESI LLC, an entity in which we have a membership interest, among the broad group of defendants. These two actions were commenced by substantially identical complaints. The defendants are alleged in these complaints, among other things, to have breached fiduciary and contractual duties by causing or allowing the Debtors to pay illegal dividends or other improper distributions of value at a time when the Debtors were insolvent. These two complaints also allege that the defendants aided and abetted, induced, or participated in breaches of fiduciary duty, waste, and unjust enrichment ("Fiduciary Duty Claims") and name a director of ours, and a former general counsel of Arbor Commercial Mortgage, LLC, each of whom had served on the Board of Directors of ESI for a period of time. We are defending these two defendants and paying the costs of such defense. On the basis of the foregoing allegations, the Trust has asserted claims under a number of common law theories, seeking the return of assets transferred by the Debtors prior to the Debtors' bankruptcy filing.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the third action, filed in Bankruptcy Court, the same plaintiff, the Trust, has named Arbor Commercial Mortgage, LLC and ABT-ESI LLC, together with a number of other defendants and asserts claims, including constructive and fraudulent conveyance claims under state and federal statutes, as well as a claim under the Federal Debt Collection Procedure Act.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On June 28, 2013, the Trust filed a motion to amend the lawsuits, to, among other things, (i) consolidate the lawsuits into one lawsuit, (ii) remove 47 defendants, none of whom are related to us, from the lawsuits so that there are 26 remaining defendants, including 16 corporate and partnership entities and 10 individuals, and (iii) reduce the counts within the lawsuits from over 100 down to 17. The remaining counts in the amended complaint against our affiliates are principally state law claims for breach of fiduciary duties, waste, unlawful dividends and unjust enrichment, and claims under the Bankruptcy Code for avoidance and recovery actions, among others. The bankruptcy court granted the motion and the amended complaint has been filed. The amended complaint seeks approximately $139.0 million in the aggregate from director designees, portions of which are also sought from our affiliates as well as from unaffiliated defendants. We have moved to dismiss the referenced actions and intend to vigorously defend against the claims asserted therein. During a status conference held on March 18, 2014, the Court heard oral argument on the motion to dismiss and adjourned the case pending a ruling.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have not made a loss accrual for this litigation because we believe that it is not probable that a loss has been incurred and an amount cannot be reasonably estimated.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0.500
0.500
0.520
0.520
0.580
0.580
0.13
0.15
0.15
0.15
0.15
0.01
0.01
500000000
500000000
50477308
50962516
50477308
50962516
504773
509625
30992402
96361238
55702394
124199
35623184
103617493
63256114
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Other Comprehensive Income</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We divide comprehensive income or loss into net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on available-for-sale securities. In addition, to the extent our derivative instruments qualify as hedges, net unrealized gains or losses are reported as a component of accumulated other comprehensive income (loss).</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0.10
0.28
0.14
0.23
0.14
0.14
0.34
0.12
0.22
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Variable Interest Entities</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have evaluated our loans and investments, mortgage related securities, investments in equity affiliates, junior subordinated notes and CLOs, in order to determine if they qualify as VIEs or as variable interests in VIEs. This evaluation resulted in our determining that our bridge loans, junior participation loans, mezzanine loans, preferred equity investments, investments in equity affiliates, junior subordinated notes, CLOs, and investments in debt securities were potential VIEs or variable interests in VIEs. See Note 9—"Variable Interest Entities" for our evaluation.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
273700000
23400000
161100000
144700000
360700000
242500000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 5—Investments in Equity Affiliates</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our investments in equity affiliates:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investment in Equity</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Affiliates at</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB of Loans</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">to Equity</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Affiliates at</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Equity Affiliates </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Arbor Residential Investor LLC</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,923,679
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">West Shore Café</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,955,933
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,872,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,687,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Lightstone Value Plus REIT L.P</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Issuers of Junior Subordinated Notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">JT Prime</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">East River Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,796
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,578
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,994,166
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Lexford Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,324,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Ritz-Carlton Club</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,870,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,869,066
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,005,666
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We account for all investments in equity affiliates under the equity method.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">Arbor Residential Investor LLC ("ARI")</font><font style="display:inline;font-family:Times;">—In the first quarter of 2015, we invested $9.6 million for 50% of our Manager's indirect interest in a joint venture with a third party that was formed to invest in a residential mortgage banking business. Our Manager retained a promote of 25% over a 10% return on this investment. As a result of this transaction, we had an initial indirect interest of 22.5% in the mortgage banking business, which is subject to dilution upon attaining certain profit hurdles of the business. As a result of the business's profitability to date, we currently own a 20% indirect interest. During the year ended December 31, 2015, we recorded $6.6 million to income from equity affiliates in our consolidated statements of income related to this investment.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the first quarter of 2015, we invested $1.7 million through ARI for 100% of our Manager's investment in non-qualified residential mortgages purchased from the mortgage banking business's origination platform, resulting in a non-controlling ownership interest of 50% in this investment. We also funded $7.9 million of additional mortgage purchases during 2015, for a total investment of $9.7 million as of December 31, 2015. During 2015, we recorded income from equity affiliates of less than $0.1 million in our consolidated statements of income related to this investment.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">West Shore Café</font><font style="display:inline;font-family:Times;">—We own a 50% noncontrolling interest in the West Shore Lake Café, a restaurant/inn lakefront property in Lake Tahoe, California. During the second quarter of 2014, we provided a $1.7 million first mortgage loan to an affiliated entity to acquire property adjacent to the original property, which matures in May 2017 and bears interest at LIBOR plus 4.00%.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">Lightstone Value Plus REIT L.P. / JT Prime</font><font style="display:inline;font-family:Times;">—We own a $1.9 million interest in an unconsolidated joint venture that holds common operating partnership units of Lightstone Value Plus REIT L.P. ("Lightstone"). The joint venture owned $56.0 million of preferred and common operating partnership units of Lightstone and had debt of $50.2 million, in which we had a two thirds interest in a consolidated entity. In 2013, our portion of the preferred operating partnership units were redeemed, the note related to our portion was repaid in full and the entity was deconsolidated. During the year ended December 31, 2013, we recorded $1.8 million of dividends from the operating partnership units which were reflected in interest income, and $1.3 million of interest expense in our consolidated statements of income. We also own a 50% non-controlling interest in an unconsolidated joint venture, JT Prime, which holds common operating partnership units of Lightstone at a carrying value of $0.4 million. During the years ended December 31, 2015, 2014 and 2013, we recorded $0.2 million, $0.2 million and $0.1 million, respectively, to income from equity affiliates in our consolidated statements of income related to these investments.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">Issuers of Junior Subordinated Notes</font><font style="display:inline;font-family:Times;">—We have invested a total of $0.6 million for 100% of the common shares of two affiliated entities of ours. These entities pay dividends on both the common shares and preferred securities on a quarterly basis at variable rates based on three-month LIBOR. See Note 7—"Debt Obligations" for further details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">East River Portfolio</font><font style="display:inline;font-family:Times;">—In August 2014, we invested $0.1 million for a 5% interest in a joint venture that owns two multifamily properties. The joint venture is comprised of a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman, and other related parties, who together own an interest of 95%. In August 2014, we originated two bridge loans totaling $5.0 million with an interest rate of 5.5% over one-month LIBOR and a maturity date of March 2016. See Note 14—"Agreements and Transactions with Related Parties" for further details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">Lexford Portfolio</font><font style="display:inline;font-family:Times;">—We, along with third party investors, made a $0.1 million equity investment into Lexford, a portfolio of multifamily assets. Our portion of this investment is a $44,000 noncontrolling interest. In the third and fourth quarters of 2015, we received distributions from this equity investment and recognized income totaling $4.5 million, net of expenses. The $4.5 million of income is comprised of income from equity affiliates of $5.5 million, partially offset by $1.0 million of expenses related to these distributions that were recorded in employee compensation and benefits. See Note 14—"Agreements and Transactions with Related Parties" for further details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">Ritz-Carlton Club</font><font style="display:inline;font-family:Times;">—We owned a 19.09% non-controlling interest with a 10% return subject to certain conditions in the Ritz-Carlton Club, a condominium project in Lake Tahoe, California. During 2012, we recorded $0.8 million of losses from the entity against the equity investment reducing the balance of our investment to $0. As of December 31, 2015, we no longer have an interest in this investment.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">930 Flushing & 80 Evergreen</font><font style="display:inline;font-family:Times;">—We had a 12.5% preferred interest in a joint venture that owns and operates two commercial properties. We also had a $22.4 million bridge loan and a $0.5 million mezzanine loan outstanding to affiliated entities of the joint venture. In May 2014, our interest in the properties was sold and we received $7.9 million in cash. As a result, we recorded a gain on sale of equity interest in our consolidated statements of income of $7.9 million and reduced our investment to $0. In July 2014, our outstanding loans totaling $22.9 million to this joint venture were repaid in full. We no longer have an interest in this investment.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> </font><font style="display:inline;font-family:Times;font-style:italic;text-decoration:underline;">450 West 33rd Street</font><font style="display:inline;font-family:Times;">—We were a 29% participant in an investor group that owned a non-controlling interest in an office building at 450 West 33rd Street in Manhattan, New York. The investor group, as a whole, had a 1.44% ownership interest in the property and 50% of the property's air rights, both were retained from the transfer of control of the property in 2007. As part of this transaction, we recorded a deferred gain of $77.1 million as a result of the joint venture members guaranteeing a portion of the debt outstanding on the property. In 2014, the existing debt on the property was refinanced and our portion of the guarantee was terminated, resulting in the recognition of the $77.1 million deferred gain as well as a $19.0 million prepaid incentive management fee for a non-cash net gain of $58.1 million. See Note 14—"Agreements and Transactions with Related Parties" for details of the prepaid incentive fee recorded.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In 2014, we invested an additional $0.3 million into this investment. In the fourth quarter of 2014, we sold our remaining interest in this property for $1.1 million and recorded a gain on sale of $0.8 million. We no longer have an interest in this investment.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;">Summarized Financial Information</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The condensed combined balance sheets for our unconsolidated investments in equity affiliates accounted for under the equity method are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
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<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Condensed Combined Balance Sheets </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,829,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,551,762
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Real estate assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>973,649,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>639,813,257
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>121,802,429
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,169,267
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>681,534,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Notes payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,044,965,627
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>691,487,617
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,064,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,653,656
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,075,030,464
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>714,141,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Stockholders' equity Arbor(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,292,234
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,291,066
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Stockholders' equity (deficit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,958,413
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36,898,053
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total stockholders' equity (deficit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,250,647
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,606,987
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Total liabilities and equity (deficit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>681,534,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Combined with $0.6 million of equity relating to the issuance of junior subordinated notes, equals $30.9 million of investments in equity affiliates at December 31, 2015. Combined with $0.6 million of equity relating to the issuance of junior subordinated notes, equals $4.9 million of investments in equity affiliates at December 31, 2014.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The condensed combined statements of operations for our unconsolidated investments in equity affiliates accounted for under the equity method for the years presented are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Statements of Operations: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Rental income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,937,528
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,192,393
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,550,846
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,215,267
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>477,935
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130,931,755
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,168,348
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,709,013
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Reimbursement income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,800,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,653,440
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,320,832
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,993,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,686,053
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total revenues</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,206,206
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,113,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,077,287
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,772,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,266,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,265,261
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,766,835
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,032,580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,060,617
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,763,714
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,793,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,345,096
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,627,791
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>620,906
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>493,627
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,931,306
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,713,191
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,164,601
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,274,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,599,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,087,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Arbor's Share of income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,300,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,658
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(204,475
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
26728174
27857460
23237834
1000000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 7—Debt Obligations</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We utilize various forms of short-term and long-term financing agreements to finance certain of our loans and investments. Borrowings underlying these arrangements are primarily secured by a significant amount of our loans and investments.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Credit Facilities and Repurchase Agreements</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings under our credit facilities and repurchase agreements:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million warehouse repurchase facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,270,774
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,610,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,641,504
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.70
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$100 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,582,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,328,863
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.62
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,520,637
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,324,890
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128,593,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.45
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,852,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,766,445
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,470,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.59
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,975,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,859,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.45
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,890,563
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,866,116
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,422,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.20
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$25 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,120,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,114,494
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.46
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$16.5 million term credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,431,870
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.22
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$15 million term credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,996,242
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total credit facilities and repurchase agreements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>216,061,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,386,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,046,999
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>232,015,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.84
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<font style="display:inline;font-family:Times;"> At December 31, 2015 and 2014, the weighted average interest rate for our credit facilities and repurchase agreements was 2.69% and 2.84%, respectively, and was calculated on the outstanding principal balance of the facility. Including certain fees and costs, such as structuring, commitment, non-use and warehousing fees, the weighted average interest rate was 3.42% and 3.06% at December 31, 2015 and 2014, respectively. There were no interest rate swaps on these facilities at December 31, 2015 and 2014.</font>
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<font style="display:inline;font-family:Times;"> In January 2015, we entered into a $150.0 million warehouse repurchase facility with a financial institution to finance a significant portion of the unwind of our CDO I and CDO II vehicles. See "Collateralized Debt Obligations" below. The facility bears interest at a rate of 212.5 basis points over LIBOR on senior mortgage loans, 350.0 basis points over LIBOR on junior mortgage loans, and matures in January 2017 with a one-year extension option. If the estimated market value of the loans financed in this facility decrease, we may be required to pay down borrowings under this repurchase agreement. Debt carrying value is net of $0.7 million of deferred financing fees at December 31, 2015. In July 2015, we amended the facility to temporarily increase the committed amount to $175.0 million until December 31, 2015.</font>
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<font style="display:inline;font-family:Times;"> We have a $100.0 million warehouse facility with a financial institution to finance first mortgage loans on multifamily properties that bore interest at a rate of 225 basis points over LIBOR and was to mature in April 2015. In April 2015, we extended the maturity to May 2015. In May 2015, we amended the facility decreasing the rate of interest to 215 basis points over LIBOR and extended the maturity to May 2017 with a one-year extension option, subject to certain conditions. The facility has a maximum advance rate of 75% and also has a compensating balance requirement of $50.0 million to be maintained by us and our affiliates. Debt carrying value is net of $0.3 million and $0.2 million of deferred financing fees at December 31, 2015 and 2014, respectively.</font>
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<font style="display:inline;font-family:Times;"> We have a $75.0 million warehouse facility with a financial institution to finance first mortgage loans on multifamily properties that bore interest at a rate of 225 basis points over LIBOR and was to mature in June 2015. In June 2015, we amended the facility, extending the maturity to June 2016, decreasing the rate of interest to 212.5 basis points over LIBOR, and added a new $25.0 million sublimit to finance healthcare related loans. The healthcare related loans will have an interest rate ranging from 225 basis points to 250 basis points over LIBOR depending on the type of healthcare facility financed. The facility has a maximum advance rate of 75%. Debt carrying value is net of $0.1 million of deferred financing fees at both December 31, 2015 and 2014.</font>
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<font style="display:inline;font-family:Times;"> We have another $75.0 million warehouse facility with a financial institution to finance first mortgage loans on multifamily and commercial properties that bears interest at a rate of 200 basis points over LIBOR and was to mature in April 2015. In April 2015, the facility was increased from $60.0 million to $75.0 million and the maturity was extended to April 2016. The facility has a maximum advance rate of 70% or 75%, depending on the property type. Debt carrying value is net of less than $0.1 million of deferred financing fees at both December 31, 2015 and 2014.</font>
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<font style="display:inline;font-family:Times;"> In February 2015, we entered into a $25.0 million warehouse facility with a financial institution to finance first mortgage loans on multifamily properties. The facility bears interest at a rate of 200 basis points over LIBOR and was to mature in February 2016. Debt carrying value is net of less than $0.1 million of deferred financing fees at December 31, 2015. In February 2016, we amended the facility, increasing the committed amount to $50.0 million and extending the maturity to February 2017 with two one-year extension options, subject to certain conditions.</font>
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<font style="display:inline;font-family:Times;"> In September 2015, we entered into a $16.5 million term facility with a financial institution to finance a first mortgage loan. The facility bears interest at a rate of 275 basis points over LIBOR, matures in December 2016 and has a compensating balance requirement of $3.0 million to be maintained by us and our affiliates. Debt carrying value is net of $0.1 million of deferred financing fees at December 31, 2015.</font>
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<font style="display:inline;font-family:Times;"> We had a $15.0 million term facility that bore interest at a fixed rate of 7.5%, had a maturity in August 2015 and was secured by a portion of the bonds originally issued by our CDO III entity that we repurchased. We repaid this facility in full in July 2015. Debt carrying value is net of less than $0.1 million of deferred financing fees at December 31, 2014.</font>
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<font style="display:inline;font-family:Times;"> In March 2015, we entered into an $87.0 million warehouse repurchase facility with a financial institution to finance the acquisition of a first mortgage note. The facility bore interest at a rate of 250 basis points over a LIBOR floor of 0.25% and was to mature in March 2016. The facility was fully repaid in April 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our warehouse credit facilities generally allow for an original warehousing period of up to 24 months from the initial advance on an asset. In addition, our credit facilities and repurchase agreements contain several restrictions including full repayment of an advance if a loan becomes 60 days past due, is in default or is written down by us. Our credit facilities and repurchase agreements also contain representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of these types. See "Debt Covenants" below for details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Collateralized Loan Obligations (CLOs)</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings and the corresponding collateral under our CLOs as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">At-Risk(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,129,518
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>339,019,221
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>338,034,689
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,135,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,985,420
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>288,581,773
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>287,946,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,418,227
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>263,784,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>343,561,696
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>342,988,734
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,438,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>971,162,690
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>968,970,064
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,992,023
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings and the corresponding collateral under our CLOs as of December 31, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">At-Risk(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO II</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>177,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,351,084
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>252,353,210
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>251,658,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,284,919
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,750,577
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>315,390,280
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>313,932,084
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,245,183
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>458,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>453,101,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>567,743,490
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>565,590,490
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,530,102
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CLO II—Issued two investment grade tranches in January 2013 with a stated maturity date in February 2023. Interest was variable based on three-month LIBOR; the weighted average note rate was 2.56%. Debt carrying value is net of $1.6 million of deferred financing fees at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CLO III—Issued three investment grade tranches in April 2014 with a replacement period through October 2016 and a stated maturity date in May 2024. Interest is variable based on three-month LIBOR; the weighted average note rate was 2.86% and 2.60% at December 31, 2015 and 2014, respectively. Debt carrying value is net of $2.1 million and $3.5 million of deferred financing fees at December 31, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CLO IV—Issued three investment grade tranches in February 2015 with a replacement period through September 2017 and a stated maturity date in March 2025. Interest is variable based on three-month LIBOR; the weighted average note rate was 2.71% at December 31, 2015. Debt carrying value is net of $3.0 million of deferred financing fees at December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CLO V—Issued three investment grade tranches in August 2015 with a replacement period through September 2018 and a stated maturity date in September 2025. Interest is variable based on one-month LIBOR; the weighted average note rate was 2.91% at December 31, 2015. Debt carrying value is net of $3.8 million of deferred financing fees at December 31, 2015.</font>
</p>
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<font style="display:inline;font-family:Times;">(1) </font></p>
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<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents restricted cash held for principal repayments as well as for reinvestment in the CLOs. Does not include restricted cash related to interest payments, delayed fundings and expenses.</font></p>
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<font style="display:inline;font-family:Times;">(2) </font></p>
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<font style="display:inline;font-family:Times;">Amounts represent the face value of collateral in default, as defined by the CLO indenture, as well as assets deemed to be "credit risk." Credit risk assets are reported by each of the CLOs and are generally defined as one that, in the CLO collateral manager's reasonable business judgment, has a significant risk of declining in credit quality or, with a passage of time, becoming a defaulted asset.</font></p>
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<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In August 2015, we completed a collateralized securitization vehicle ("CLO V"), issuing to third party investors three tranches of investment grade CLOs through two newly-formed wholly-owned subsidiaries totaling $267.8 million, of which we purchased $12.5 million of Class C notes that we subsequently sold at par for $12.5 million. As of the CLO closing date, the notes are secured by a portfolio of loan obligations with a face value of approximately $302.6 million, consisting primarily of bridge loans that were contributed from our existing loan portfolio. The financing has an approximate three year replacement period that allows the principal proceeds and sale proceeds (if any) of the loan obligations to be reinvested in qualifying replacement loan obligations, subject to the satisfaction of certain conditions set forth in the indenture. Thereafter, the outstanding debt balance will be reduced as loans are repaid. Initially, the proceeds of the issuance of the securities also included $47.4 million for the purpose of acquiring additional loan obligations for a period of up to 120 days from the closing date of the CLO. In September 2015, the additional proceeds were fully utilized resulting in the issuer owning loan obligations with a face value of approximately $350.0 million. The aggregate principal amounts of the three classes of notes are $197.8 million of Class A senior secured floating rate notes, $24.5 million of Class B secured floating rate notes and $45.5 million of Class C secured floating rate notes. We retained a residual interest in the portfolio with a notional amount of approximately $82.3 million. The notes have an initial weighted average interest rate of approximately 2.44% plus one-month LIBOR and interest payments on the notes are payable monthly. Including certain fees and costs, the initial weighted average note rate was 3.07%.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In March 2015, we completed the unwinding of CLO II, redeeming $177.0 million of our outstanding notes which were repaid primarily from the refinancing of the remaining assets within our new and existing financing facilities as well as with cash held by the CLO and expensed approximately $1.5 million of deferred fees in the first quarter of 2015 into interest expense on the consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In February 2015, we completed a collateralized securitization vehicle ("CLO IV"), issuing to third party investors three tranches of investment grade CLOs through two newly-formed wholly-owned subsidiaries totaling $219.0 million. At closing, the notes were secured by a portfolio of loan obligations with a face value of approximately $250.0 million, consisting primarily of bridge loans that were contributed from our existing loan portfolio. The financing has an approximate 2.5 year replacement period from closing that allows the principal proceeds and sale proceeds (if any) of the loan obligations to be reinvested in qualifying replacement loan obligations, subject to the satisfaction of certain conditions set forth in the indenture. Thereafter, the outstanding debt balance will be reduced as loans are repaid. Initially, the proceeds of the issuance of the securities also included $50.0 million for the purpose of acquiring additional loan obligations for a period of up to 120 days from the closing date of the CLO. In April 2015, the $50.0 million of additional proceeds was fully utilized. The aggregate principal amounts of the three classes of notes are $165.8 million of Class A senior secured floating rate notes, $24.8 million of Class B secured floating rate notes and $28.5 million of Class C secured floating rate notes. We retained a residual interest in the portfolio with a notional amount of approximately $81.0 million. The notes have an initial weighted average interest rate of approximately 2.24% plus one-month LIBOR and interest payments on the notes are payable monthly. Including certain fees and costs, the initial weighted average note rate was 2.96%.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2015 and 2014, the aggregate weighted average note rate for our CLOs was 2.84% and 2.59%, respectively. Including certain fees and costs, the weighted average note rate was 3.24% and 3.14% at December 31, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Collateralized Debt Obligations (CDOs)</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In July 2015, we completed the unwind of CDO III, redeeming $71.1 million of our outstanding notes. The notes were repaid primarily from proceeds received from the refinancing of CDO III's remaining assets within our existing financing facilities, as well as with cash held by the CDO. We also terminated a related interest rate swap and incurred a loss of $0.3 million in the third quarter of 2015. See Note 8—"Derivative Financial Instruments" for additional details. CDO III had a $100.0 million revolving note class that provided a revolving note facility, which was paid off in the first quarter of 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In January 2015, we completed the unwind of CDO I and CDO II, redeeming $167.9 million of our outstanding notes. The notes were repaid primarily from proceeds received from the refinancing of CDO I and II's remaining assets within a new $150.0 million warehouse repurchase facility and our existing financing facilities, as well as with cash held by each CDO. As a result of this transaction, we generated approximately $30.0 million in cash equity and expensed $0.5 million of deferred fees in the first quarter of 2015. We also terminated the related basis and interest rate swaps and incurred a loss of $4.3 million in the first quarter of 2015. See Note 8—"Derivative Financial Instruments" for additional details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In 2010, we re-issued our own CDO bonds we had acquired throughout 2009 with an aggregate face amount of approximately $42.8 million as part of an exchange for the retirement of $114.1 million of our junior subordinated notes. This transaction resulted in the recording of $65.2 million of additional CDO debt, of which $42.3 million represented the portion of our CDO bonds that were exchanged and $22.9 million represented the estimated interest due on the reissued bonds through their maturity. In January 2015, we unwound our CDO I and CDO II vehicles and reduced the balance of estimated interest by $11.0 million and in July 2015, we unwound our CDO III vehicle and reduced the remaining balance of estimated interest by $8.2 million, recording a gain on acceleration of deferred income in the consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings and the corresponding collateral under our CDOs as of December 31, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font></p>
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</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">At-Risk(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CDO I</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,972,159
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,299,282
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,903,486
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>174,460,160
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,232,226
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,691,292
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CDO II</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,906,092
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,449,741
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>192,522,685
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143,824,571
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,412,808
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106,139,494
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CDO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>144,192,804
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152,470,455
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>202,758,120
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>171,457,394
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,771,797
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>147,049,346
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total CDOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>312,071,055
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>331,219,478
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>618,184,291
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>489,742,125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139,416,831
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,880,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CDO I—Issued four investment grade tranches in January 2005 with a stated maturity date in February 2040. Interest was variable based on three-month LIBOR; the weighted average note rate was 3.23% at December 31, 2014. Debt carrying value is net of $0.1 million of deferred financing fees at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CDO II—Issued nine investment grade tranches in January 2006 with a stated maturity date in April 2038. Interest was variable based on three-month LIBOR; the weighted average note rate was 6.22% at December 31, 2014. Debt carrying value is net of less than $0.1 million of deferred financing fees at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> CDO III—Issued ten investment grade tranches in December 2006 with a stated maturity date in January 2042. Interest was variable based on three-month LIBOR; the weighted average note rate was 0.98% at December 31, 2014. Debt carrying value is net of less than $0.1 million of deferred financing fees at December 31, 2014.</font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Amounts include loans to real estate assets consolidated by us that were reclassified to real estate owned and held-for-sale, net on the consolidated financial statements.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents restricted cash held for principal repayments in the CDOs. Does not include restricted cash related to interest payments, delayed fundings and expenses.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Amounts represent the face value of collateral in default, as defined by the CDO indenture, as well as assets deemed to be "credit risk." Credit risk assets are reported by each of the CDOs and are generally defined as one that, in the CDO collateral manager's reasonable business judgment, has a significant risk of declining in credit quality or, with a passage of time, becoming a defaulted asset.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2014, the aggregate weighted average note rate for our CDOs, including the cost of interest rate swaps on assets financed in these facilities, was 3.13%. Excluding the effect of swaps, the weighted average note rate at December 31, 2014 was 1.07%. Including certain fees and costs, the weighted average note rate was 3.55% at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We account for our CLO and CDO transactions on our consolidated balance sheet as financing facilities. Our CLOs and CDOs are VIEs for which we are the primary beneficiary and are consolidated in our financial statements accordingly. The investment grade tranches are treated as secured financings, and are non-recourse to us.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Senior Unsecured Notes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During 2014, we issued $90.0 million aggregate principal amount of 7.375% senior unsecured notes due in 2021 in an underwritten public offering for net proceeds of $85.4 million after deducting the issuance and underwriting discounts and offering expenses. In connection with this offering, the underwriters exercised a portion of their overallotment option for a $7.8 million aggregate principal amount providing additional net proceeds of $7.4 million. Debt carrying value is net of $4.1 million and $4.8 million of deferred financing fees at December 31, 2015 and 2014, respectively. The notes can be redeemed by us after May 15, 2017. The interest is paid quarterly in February, May, August, and November starting in August 2014. Including certain fees and costs, the weighted average note rate was 8.12% and 8.06% at December 31, 2015 and 2014, respectively. We used the net proceeds to make investments, to repurchase or pay liabilities and for general corporate purposes.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Junior Subordinated Notes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The carrying value of borrowings under our junior subordinated notes was $157.1 million and $156.4 million at December 31, 2015 and 2014, respectively, which is net of a deferred amount of $15.5 million and $16.0 million, respectively, that is being amortized into interest expense over the life of the notes, and $3.3 million and $3.4 million, respectively, of deferred financing fees. These notes have maturities ranging from March 2034 through April 2037, pay interest quarterly at a fixed or floating rate of interest based on three-month LIBOR and were not redeemable for the first two years. The current weighted average note rate was 3.12% and 3.01% at December 31, 2015 and 2014, respectively. Including certain fees and costs, the weighted average note rate was 3.55% and 3.18% at December 31, 2015 and 2014, respectively. The entities that issued the junior subordinated notes have been deemed VIEs. See Note 9—"Variable Interest Entities" for further details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Note Payable</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings under our note payable:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior loan participation, secured by our interest in a first mortgage loan with a principal balance of $1.3 million, participation interest was based on a portion of the interest received from the loan which had a fixed rate of 9.57%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total note payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2014, the note rate for our note payable was 0%. There were no interest rate swaps on the note payable at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We had a $1.3 million junior loan participation on a $1.3 million bridge loan that was written-off in the third quarter of 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our obligation to pay interest on the junior loan participations is based on the performance of the related loan. Interest expense is based on the portion of the interest received from the loan that is paid to the junior participant.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Mortgage Note Payable—Real Estate Owned and Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the first quarter of 2015, we made required paydowns of $10.3 million and repaid the Multifamily Portfolio mortgage of $20.7 million, replacing it with two new notes payable totaling $27.2 million. At December 31, 2015, the new notes payable consist of a $24.7 million secured loan that bears interest at a fixed rate of 3.00% and matures in December 2017, as well as a $2.5 million, unsecured loan that bears interest at a variable rate of one-month LIBOR plus 2.75% and matures in December 2016. At December 31, 2014, the prior mortgage had an outstanding balance of $31.0 million, bore interest at a variable rate of one-month LIBOR plus 1.23% and was to mature in June 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Debt Covenants</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our debt facilities contain various financial covenants and restrictions, including a minimum liquidity requirement of $20.0 million, minimum net worth requirement of $100.0 million to $300.0 million depending on the debt facility and a maximum total liabilities less subordinated debt requirement of $2.0 billion, as well as certain other debt service coverage ratios and debt to equity ratios. We were in compliance with all financial covenants and restrictions at December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our CLO vehicles contain interest coverage and asset overcollateralization covenants that must be met as of the waterfall distribution date in order for us to receive such payments. If we fail these covenants in any of our CLOs, all cash flows from the applicable CLO would be diverted to repay principal and interest on the outstanding CLO bonds and we would not receive any residual payments until that CLO regained compliance with such tests. Our CLOs were in compliance with all such covenants as of December 31, 2015, as well as on the most recent determination dates in January and February 2016. In the event of a breach of the CLO covenants that could not be cured in the near-term, we would be required to fund our non-CLO expenses, including management fees and employee costs, distributions required to maintain REIT status, debt costs, and other expenses with (i) cash on hand, (ii) income from any CLO not in breach of a covenant test, (iii) income from real property and loan assets, (iv) sale of assets, or (v) accessing the equity or debt capital markets, if available. We have the right to cure covenant breaches which would resume normal residual payments to us by purchasing non-performing loans out of the CLOs. However, we may not have sufficient liquidity available to do so at such time.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The chart below is a summary of our CLO compliance tests as of the most recent determination dates in February 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash Flow Triggers </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Overcollateralization(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>132.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Interest Coverage(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>247.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>303.11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267.62
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The overcollateralization ratio divides the total principal balance of all collateral in the CLO by the total principal balance of the bonds associated with the applicable ratio. To the extent an asset is considered a defaulted security, the asset's principal balance for purposes of the overcollateralization test is the lesser of the asset's market value or the principal balance of the defaulted asset multiplied by the asset's recovery rate which is determined by the rating agencies. Rating downgrades of CLO collateral will generally not have a direct impact on the principal balance of a CLO asset for purposes of calculating the CLO overcollateralization test unless the rating downgrade is below a significantly low threshold (e.g. CCC–) as defined in each CLO vehicle.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The interest coverage ratio divides interest income by interest expense for the classes senior to those retained by us.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The chart below is a summary of our CLO overcollateralization ratios as of the determination dates subsequent to each quarter end:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Determination Date(1) </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">January 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">October 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">July 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">April 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">January 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133.33
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The table above represents the quarterly trend of our overcollateralization ratio, however, the CLO determination dates are monthly and we were in compliance with this test for all periods in 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The ratio will fluctuate based on the performance of the underlying assets, transfers of assets into the CLOs prior to the expiration of their respective replenishment dates, purchase or disposal of other investments, and loan payoffs. No payment due under the junior subordinated indentures may be paid if there is a default under any senior debt and the senior lender has sent notice to the trustee. The junior subordinated indentures are also cross-defaulted with each other.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0.0123
0.055
0.0200
0.0225
0.0225
0.03500
0.02125
0.0400
0.0275
0.0200
0.0250
0.0215
0.02125
0.0250
0.0225
0.0275
three-month LIBOR
three-month LIBOR
three-month LIBOR
three-month LIBOR
one-month LIBOR
one-month LIBOR
LIBOR
LIBOR
one-month LIBOR
three-month LIBOR
three-month LIBOR
three-month LIBOR
three-month LIBOR
LIBOR
LIBOR
LIBOR
one-month LIBOR
one-month LIBOR
LIBOR
LIBOR floor of 0.25%
one-month LIBOR
one-month LIBOR
one-month LIBOR
42800000
69972159
144192804
97906092
281250000
177000000
312071055
458250000
90000000
7800000
165800000
24800000
28500000
27200000
197800000
24500000
45500000
302600000
350000000
267750000
219000000
281250000
768000000
2500000
0.0957
0.07375
0.075
0.03
0.0025
12500000
0.0323
0.0098
0.0622
0.0260
0.0256
0.00
0.0284
0.0750
0.0245
0.0220
0.0245
0.0313
0.0259
0.0301
0.0806
0.0224
0.0244
0.0291
0.0271
0.0286
0.0269
0.0246
0.0322
0.0270
0.0262
0.0259
0.0284
0.0312
0.0812
12466528
8030129
100000
3500000
1600000
200000
100000
4800000
100000
100000
100000
100000
3800000
3000000
2100000
100000
100000
700000
300000
100000
4100000
100000
-1100000
-600000
77100000
77100000
77100000
77100000
8821661
16155983
1079375
3835507
7742286
12320476
1079375
3835507
7250601
7371737
5436330
7250601
7371737
5436330
3000000
71701000
84100000
3000000
74700544
1995
1995
84100000
3345
3345
3345
3345
3345
0.06
0.03
0.02
2000
3000
100000
13908000
4669000
-4600000
-100000
-100000
-1700000
-12000
-1676000
-100000
-100000
-100000
-1000
-45000
-100000
-100000
-2000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 8—Derivative Financial Instruments</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of the derivative financial instruments held by us (dollars in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation\Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Expiration</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Sheet</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Basis Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR Cap</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,701
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR Caps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,821
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250,321
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,669
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,908
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
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<font style="display:inline;font-family:Times;"> The non-qualifying basis swaps hedges were used to manage our exposure to interest rate movements and other identified risks but do not meet hedge accounting requirements. We are exposed to changes in the fair value of certain of our fixed rate obligations due to changes in benchmark interest rates and use interest rate swaps to manage our exposure to changes in fair value on these instruments attributable to changes in the benchmark interest rate. These qualifying interest rate swaps designated as fair value hedges involve the receipt of variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. During the year ended December 31, 2015, CDO II was unwound and the related basis swap with a notional value of $3.0 million and a fair value of less than $0.1 million was terminated and recorded as a loss. See Note 7—"Debt Obligations—Collateralized Debt Obligations" for further details. Also during 2015, a non-qualifying LIBOR cap hedge with a notional value of $71.7 million matured. We entered into this LIBOR cap hedge in the first quarter of 2014 due to a loan agreement requiring a LIBOR cap of 6%. During the year ended December 31, 2014, the notional value on a basis swap decreased by $8.6 million pursuant to the contractual terms of the respective swap agreement. For the years ended December 31, 2015, 2014 and 2013, the change in fair value of the non-qualifying basis swaps and LIBOR caps was approximately $(0.1) million and was recorded in interest expense on the consolidated statements of income.</font>
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<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The changes in the fair value of qualifying interest rate swap cash flow hedges are recorded in accumulated other comprehensive loss on the consolidated balance sheets. These interest rate swaps are used to hedge the variable cash flows associated with existing variable-rate debt, and amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. During the year ended December 31, 2015, all three of our remaining CDO vehicles were unwound and the related interest rate swaps with an aggregate notional value of $142.5 million and an aggregate fair value of $(4.6) million were terminated and recorded as a loss. See Note 7—"Debt Obligations—Collateralized Debt Obligations" for further details. Also during 2015, we entered into two qualifying LIBOR cap hedges due to CLO agreements requiring a LIBOR cap of 2% and 3%, respectively, with a combined notional value of $84.1 million. During the year ended December 31, 2014, two interest swaps matured with a combined notional value of $32.0 million and the notional value on an interest rate swap decreased by $15.0 million pursuant to the contractual terms of the respective swap agreement.</font>
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<font style="display:inline;font-family:Times;"> As of December 31, 2015, we expect to reclassify $(5.0) million of other comprehensive loss from qualifying cash flow hedges to interest expense over the next twelve months assuming interest rates on that date are held constant. These swap agreements must be effective in reducing the variability of cash flows of the hedged items in order to qualify for the aforementioned hedge accounting treatment. Gains and losses on terminated swaps are being deferred and recognized in earnings over the original life of the hedged item. As of December 31, 2015 and 2014, we had a net deferred loss of $0.6 million and $1.1 million, respectively, in accumulated other comprehensive loss related to these terminated swap agreements. We recorded $0.6 million, $0.7 million and $0.9 million as additional interest expense related to the amortization of the loss for the years ended December 31, 2015, 2014 and 2013, respectively, and $0.1 million, $0.2 million and $0.2 million as a reduction to interest expense related to the accretion of the net gains for each of the years ended December 31, 2015, 2014 and 2013, respectively. We expect to record $0.5 million of net deferred loss to interest expense over the next twelve months.</font>
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<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the year ended December 31, 2014, we sold eight remaining RMBS investments, which were accounted for as linked transactions, with an aggregate carrying value of $65.7 million for $65.8 million and recorded a net gain of $0.1 million related to the settlement of these linked transactions. The eight RMBS investments were financed with repurchase agreements totaling $55.4 million which were repaid with the proceeds. For the years ended December 31, 2014 and 2013, we recorded $0.3 million and $1.9 million of net interest income, respectively, and a less than $0.1 million and $1.7 million decrease in fair value, respectively, to other income in the consolidated statements of income.</font>
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<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following tables present the effect of our derivative financial instruments on the statements of income (in thousands):</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Other</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Comprehensive Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Effective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Reclassified from</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Accumulated Other</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Comprehensive Loss into</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Expense</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Effective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Reclassified</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">from Accumulated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other Comprehensive</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss into Loss on</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Termination of Swaps</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Ineffective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation\Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps / Caps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>520
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,149
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,654
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14,131
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,626
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Loss on</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Termination of Swaps</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Ineffective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Interest Expense</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Ineffective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Other Income</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation\Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Basis Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Forward Contracts</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The cumulative amount of other comprehensive loss related to net unrealized losses on derivatives designated as qualifying hedges as of December 31, 2015 and 2014 of approximately $(5.3) million and $(15.0) million, respectively, is a combination of the fair value of qualifying cash flow hedges of $(4.7) million and $(13.9) million, respectively, deferred losses on terminated interest rate swaps of $(0.7) million and $(1.2) million, respectively, partially offset by deferred net gains on termination of interest rate swaps of approximately $0.1 million for both periods.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We have agreements with certain of our derivative counterparties that contain a provision where if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. As of December 31, 2015 and 2014, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk related to these agreements, was $(4.6) million and $(9.2) million, respectively. As of December 31, 2015 and 2014, we had minimum collateral posting thresholds with certain of our derivative counterparties and had posted collateral of $5.0 million and $9.6 million, respectively, which is recorded in other assets in our consolidated balance sheets.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
520000
1318000
1019000
14131000
12654000
6149000
4626000
3000
-1798161
41022
250321272
13908163
13908163
107820995
4669273
4669273
4669273
4669273
4669273
250321000
107821000
4300000
9200000
4600000
0
0
1
1
12
0
2
5
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Hedging Activities and Derivatives</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We recognize all derivatives as either assets or liabilities at fair value and these amounts are recorded in other assets or other liabilities on the consolidated balance sheets. Additionally, the fair value adjustments will affect either accumulated other comprehensive income until the hedged item is recognized in earnings, or net income depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity. We use derivatives for hedging purposes rather than speculation. Fair values are approximated based on current market data received from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles and reasonable estimates about relevant future market conditions.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. We may enter into derivative contracts that are intended to economically hedge certain of our risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. The ineffective portion of a derivative's change in fair value is recognized immediately in earnings.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with our interest rate risk management, we periodically hedge a portion of our interest rate risk by entering into derivative financial instrument contracts. Specifically, our derivative financial instruments are used to manage differences in the amount, timing, and duration of our expected cash receipts and our expected cash payments principally related to our investments and borrowings. Our objectives in using interest rate derivatives are to add stability to interest income and to manage our exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps as part of our 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 us making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. We have entered into various interest rate swap agreements in the past to hedge our exposure to interest rate risk on (i) variable rate borrowings as it relates to fixed rate loans; (ii) the difference between the CDO investor return being based on the three-month LIBOR index while the supporting assets of the CDO are based on the one-month LIBOR index; and (iii) use of LIBOR rate caps in loan agreements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the normal course of business, we may use a variety of derivative financial instruments to manage, or hedge, interest rate risk. We do not use derivatives for trading or speculative purposes. These derivative financial instruments must be effective in reducing our interest rate risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative instrument matures or is settled. Any derivative instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in net income. In cases where a derivative financial instrument is terminated early, any gain or loss is generally amortized over the remaining life of the hedged item.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In certain circumstances, we have financed the purchase of Residential Mortgage Backed Securities ("RMBS") investments through a repurchase agreement with the same counterparty, which qualified as a linked transaction. If both transactions were entered into contemporaneously or in contemplation of each other, the transactions were presumed to be linked transactions unless certain criteria were met, and we accounted for the purchase of such securities and the repurchase agreement on a combined basis as a forward contract derivative at fair value which was reported in other assets on the consolidated balance sheets. Linked transactions were not designated as hedging instruments and, as a result, the change in the fair value and net interest income from linked transactions was reported in other income on the consolidated statements of income. The analysis of transactions under these rules required management's judgment and experience. The fair value of linked transactions reflected the value of the underlying RMBS, linked repurchase agreement borrowings and accrued interest receivable/payable on such instruments.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have no master netting or similar arrangements and do not offset derivatives.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
1603763
7784021
2681999
2877143
1562101
10831649
11243246
8224101
13322212
14362030
10971555
21326517
21326517
21326517
26029540
26029540
26029540
29495314
29495314
29495314
21327000
26030000
29495000
4506583
14500
4506583
4506583
14500
14500
14500
7256255
14698
7256255
7256255
14698
14698
14698
7553720
14459
7553720
7553720
14459
14459
14459
2667000
1370000
3200000
2441000
1456000
3200000
2441000
1913000
36515
0
8082265
36451
2653333
2700000
3428333
3400000
0.39
0.12
1.71
0.23
1.26
0.10
0.30
0.90
0.21
0.30
0.10
0.39
0.12
1.70
0.23
1.26
0.10
0.30
0.90
0.21
0.30
0.10
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Earnings Per Share</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We present both basic and diluted earnings per share ("EPS"). Basic EPS excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS amount.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 13—Earnings Per Share</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Basic EPS is calculated by dividing net income attributable to Arbor Realty Trust, Inc. by the weighted average number of shares of common stock outstanding during each period inclusive of unvested restricted stock with full dividend participation rights. Diluted EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding plus the additional dilutive effect of common stock equivalents during each period using the treasury stock method. Our common stock equivalents include the weighted average dilutive effect of performance-based restricted stock units granted to our chief executive officer in the first quarter of 2015 as well as the weighted average dilutive effect of warrants for the period of time that they were outstanding during 2014 and 2013.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a reconciliation of the numerator and denominator of the basic and diluted EPS computations for the years presented:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="17" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income attributable to common stockholders(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,667,955
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,667,955
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Weighted average number of common shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,399,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,399,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Dilutive effect of restricted stock units(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149,578
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Dilutive effect of warrants(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,696
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>435,272
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Weighted average number of common shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,007,328
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,368,344
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,399,872
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,835,144
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.71
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.70
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.39
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.39
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net of preferred stock dividends and noncontrolling interest.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mr. Kaufman was granted restricted stock units which vest at the end of a four-year performance period based upon our achievement of total stockholder return objectives. See Note 12—"Equity" for further details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">On July 1, 2014, we acquired and canceled all of our warrants. See Note 12—"Equity" for further details.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0.350
0.350
0.350
0.018
0.023
0.064
-0.011
-0.005
-0.027
0.357
0.368
0.387
400000
1800000
4500000
0.29
0.235
0.125
0.05
0.05
0.50
1.00
0.539
1.00
0.667
0
0
1400000
600000
9600000
1700000
600000
1900000
7900000
9700000
56000000
5200000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Investments in Equity Affiliates</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We invest in joint ventures that are formed to acquire, develop and/or sell real estate assets. These joint ventures are not majority owned or controlled by us, or are VIEs for which we are not the primary beneficiary, and are not consolidated in our financial statements. These investments are recorded under either the equity or cost method of accounting as deemed appropriate. We record our share of the net income and losses from the underlying properties of our equity method investments and any other-than-temporary impairment on these investments on a single line item in the consolidated statements of income as income or losses from equity affiliates.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
681534286000
1125281111000
-32606987000
50250647000
4291066000
30292234000
714141273000
1075030464000
681534286000
1125281111000
-36898053000
19958413000
-13087314000
-11599806000
34274900000
105077287000
108113385000
259206206000
114100000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The fair value of these assets and liabilities was determined using the following input levels as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:11pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Credit facilities and repurchase agreements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,764,994
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,117,130
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mortgage note payable—real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The fair value of these financial assets was determined using the following input levels as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Impaired loans, net(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,447,840
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,447,840
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,447,840
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">We had an allowance for loan losses of $86.8 million relating to nine loans with an aggregate carrying value, before loan loss reserves, of approximately $189.2 million at December 31, 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Available-for-sale</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Securities</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Balance as of December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Adjustment to fair value:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Change in fair value</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Payoff of CMBS investment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Balance as of December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Loans and investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,587,429,498
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,478,778,674
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,158,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,499,709
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,499,709
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,700,544
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:10pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Credit and repurchase facilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,386,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,046,999
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>179,964,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>458,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>453,101,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>459,673,750
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Collateralized debt obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>312,071,055
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>331,219,478
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>240,541,397
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,764,994
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,036,503
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,902,825
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,117,130
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,391,419
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,600,561
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Note payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,292,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Mortgage note payable—real estate owned and held-for-sale</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,984,357
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,984,357
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,962,066
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,820,995
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250,321,272
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,908,163
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,908,163
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 10—Fair Value</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Fair Value of Financial Instruments</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Fair value estimates are dependent upon subjective assumptions and involve significant uncertainties resulting in variability in estimates with changes in assumptions. The following table summarizes the principal amounts, carrying values and the estimated fair values of our financial instruments:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Loans and investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,587,429,498
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,478,778,674
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,158,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,499,709
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,499,709
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,700,544
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:10pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Credit and repurchase facilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,386,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,046,999
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>179,964,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>458,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>453,101,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>459,673,750
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Collateralized debt obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>312,071,055
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>331,219,478
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>240,541,397
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,764,994
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,036,503
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,902,825
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,117,130
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,391,419
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,600,561
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Note payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,292,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Mortgage note payable—real estate owned and held-for-sale</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,984,357
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,984,357
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,962,066
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,820,995
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250,321,272
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,908,163
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,908,163
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Fair Value Measurement</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Fair value is defined as the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instruments' complexity.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Assets and liabilities disclosed at fair value are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities are as follows:</font>
</p>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:5pt 0pt 12pt;">
<font style="margin:5pt 0pt 12pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:5pt 0pt 12pt;">
<font style="display:inline;font-family:Times;color:#000000;">Level 1—Inputs are unadjusted and quoted prices exist in active markets for identical assets or liabilities at the measurement date. The types of assets and liabilities carried at Level 1 fair value generally are government and agency securities, equities listed in active markets, investments in publicly traded mutual funds with quoted market prices and listed derivatives.</font></p></td></tr></table></div>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:5pt 0pt 12pt;">
<font style="margin:5pt 0pt 12pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:5pt 0pt 12pt;">
<font style="display:inline;font-family:Times;color:#000000;">Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument's anticipated life. Level 2 inputs include quoted market prices in markets that are not active for an identical or similar asset or liability, and quoted market prices in active markets for a similar asset or liability. Fair valued assets and liabilities that are generally included in this category are non-government securities, municipal bonds, certain hybrid financial instruments, certain mortgage and asset-backed securities, certain corporate debt, certain commitments and guarantees, certain private equity investments and certain derivatives.</font></p></td></tr></table></div>
<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt; display: inline;">
<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:5pt 0pt 12pt;">
<font style="margin:5pt 0pt 12pt;font-family:Symbol;border-top:1pt none #D9D9D9;font-size:10pt;;"> ·</font>
</p>
</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
<p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:5pt 0pt 12pt;">
<font style="display:inline;font-family:Times;color:#000000;">Level 3—Inputs reflect management's best estimate of what market participants would use in pricing the asset or liability at the measurement date. These valuations are based on significant unobservable inputs that require a considerable amount of judgment and assumptions. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Generally, assets and liabilities carried at fair value and included in this category are certain mortgage and asset-backed securities, certain corporate debt, certain private equity investments, certain municipal bonds, certain commitments and guarantees and certain derivatives.</font></p></td></tr></table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Determining which category an asset or liability falls within the hierarchy requires significant judgment and we evaluate our hierarchy disclosures each quarter.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Loans and investments, net:</font><font style="display:inline;font-family:Times;"> Fair values of loans and investments that are not impaired are estimated using Level 3 inputs based on discounted cash flow methodology, using discount rates, which, in the opinion of management, best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality. Fair values of loans and investments that are impaired are estimated using Level 3 inputs by us that require significant judgments, which include assumptions regarding discount rates, capitalization rates, leasing, creditworthiness of major tenants, occupancy rates, availability of financing, exit plan, loan sponsorship, actions of other lenders and other factors deemed necessary by management.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Available-for-sale securities:</font><font style="display:inline;font-family:Times;"> Fair values are approximated based on current market quotes received from active markets or financial sources that trade such securities. The fair values of available-for-sale equity securities traded in active markets are approximated using Level 1 inputs, while the fair values of available-for-sale debt securities that are approximated using the recent purchase price and subsequent sales price of the securities, were valued using Level 2 inputs.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Derivative financial instruments:</font><font style="display:inline;font-family:Times;"> Fair values of interest rate and basis swap derivatives and LIBOR caps are approximated using Level 2 inputs based on current market data received from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles including counterparty risks, credit spreads and interest rate projections, as well as reasonable estimates about relevant future market conditions. These items are included in other assets and other liabilities on the consolidated balance sheets. We incorporate credit valuation adjustments in the fair values of our derivative financial instruments to reflect counterparty nonperformance risk.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Credit facilities, repurchase agreements, notes payable and mortgage notes payable:</font><font style="display:inline;font-family:Times;"> Fair values are estimated at Level 3 using discounted cash flow methodology, using discount rates, which, in the opinion of management, best reflect current market interest rates for financing with similar characteristics and credit quality.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Collateralized loan obligations and collateralized debt obligations:</font><font style="display:inline;font-family:Times;"> Fair values are estimated at Level 3 based on broker quotations, representing the discounted expected future cash flows at a yield that reflects current market interest rates and credit spreads.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Senior unsecured notes:</font><font style="display:inline;font-family:Times;"> Fair values are estimated at Level 1 based on current market quotes received from active markets.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Junior subordinated notes:</font><font style="display:inline;font-family:Times;"> Fair values are estimated at Level 3 based on broker quotations, representing the discounted expected future cash flows at a yield that reflects current market interest rates and credit spreads.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We measure certain financial assets and financial liabilities at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following input levels as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following roll forward table reconciles the beginning and ending balances of financial assets measured at fair value on a recurring basis using Level 3 inputs:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Available-for-sale</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Securities</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Balance as of December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Adjustment to fair value:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Change in fair value</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Payoff of CMBS investment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Balance as of December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We measure certain financial and non-financial assets at fair value on a nonrecurring basis. The fair value of these financial assets was determined using the following input levels as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Impaired loans, net(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,447,840
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,447,840
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102,447,840
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">We had an allowance for loan losses of $86.8 million relating to nine loans with an aggregate carrying value, before loan loss reserves, of approximately $189.2 million at December 31, 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;"> Loan impairment assessments:</font><font style="display:inline;font-family:Times;"> Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for loan losses when such loan or investment is deemed to be impaired. We consider a loan impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. We perform evaluations of our loans to determine if the value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, which may result in an allowance and corresponding charge to the provision for loan losses. These valuations require significant judgments, which include assumptions regarding capitalization and discount rates, revenue growth rates, leasing, creditworthiness of major tenants, occupancy rates, availability of financing, exit plan, loan sponsorship, actions of other lenders and other factors deemed necessary by management. The table above includes all impaired loans, regardless of the period in which an impairment was recognized.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Quantitative information about Level 3 fair value measurements on a recurring and non-recurring basis:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">December 31, 2015</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Valuation</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">Technique(s)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Significant</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">Unobservable</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">Inputs</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Range</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">(Weighted Average)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Impaired loans(1):</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,845,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Direct capitalization analysis</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">6.50% to 9.75% (8.85%)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">3.50%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>824,000
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">10.00%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">8.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2.50%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,992,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">15.00%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">7.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">3.00%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,786,433
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">9.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">7.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2.50%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">6.00%</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Includes all impaired loans regardless of the period in which a loan loss provision was recorded.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We measure certain assets and liabilities for which fair value is only disclosed. The fair value of these assets and liabilities was determined using the following input levels as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:11pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Credit facilities and repurchase agreements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,764,994
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,117,130
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mortgage note payable—real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">December 31, 2015</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Valuation</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">Technique(s)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Significant</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">Unobservable</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">Inputs</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Range</font><br /><font style="display:inline;font-family:Times;font-weight:bold;">(Weighted Average)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Impaired loans(1):</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 18pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,845,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Direct capitalization analysis</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">6.50% to 9.75% (8.85%)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">3.50%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 18pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>824,000
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">10.00%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">8.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2.50%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 18pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,992,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">15.00%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">7.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">3.00%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 18pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,786,433
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">9.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">7.25%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2.50%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 18pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">6.00%</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Includes all impaired loans regardless of the period in which a loan loss provision was recorded.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0.0600
0.0725
0.0725
0.0825
0.0975
0.0650
0.0885
0.0925
0.1500
0.1000
0.0350
0.0250
0.0300
0.0250
100000
2100000
2000000
2290714
1645465
270360
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Loans, Investments and Securities</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for loan losses when such loan or investment is deemed to be impaired. We invest in preferred equity interests that, in some cases, allow us to participate in a percentage of the underlying property's cash flows from operations and proceeds from a sale or refinancing. At the inception of each such investment, management must determine whether such investment should be accounted for as a loan, equity interest or as real estate. To date, management has determined that all such investments are properly accounted for and reported as loans.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> From time to time, we may enter into an agreement to sell a loan. These loans are considered held-for-sale and are valued at the lower of the loan's carrying amount or fair value less costs to sell. For the sale of loans, recognition occurs when ownership passes to the buyer.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At the time of purchase, we designate a security as available-for-sale, held-to-maturity, or trading depending on our ability and intent to hold it to maturity. We do not have any securities designated as held-to-maturity or trading as of December 31, 2015. Securities available-for-sale are reported at fair value with the net unrealized gains or losses reported as a component of accumulated other comprehensive loss. Unrealized losses that are determined to be other-than-temporary are recognized in earnings up to their credit component. The determination of other-than-temporary impairment is a subjective process requiring judgments and assumptions and is not necessarily intended to indicate a permanent decline in value. The process may include, but is not limited to, assessment of recent market events and prospects for near-term recovery, assessment of cash flows, internal review of the underlying assets securing the investments, credit of the issuer and the rating of the security, as well as our ability and intent to hold the investment to maturity. Management closely monitors market conditions on which it bases such decisions.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Internal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,083,822,788
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,829,086
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164,410,838
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,813,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Internal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,157,462,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,491,164
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128,367,601
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,858,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,587,429,498
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
41043556
32765799
8277757
22938243
1700000
765799
20472444
765799
40277757
765799
32000000
8277757
22938243
1700000
765799
20472444
-4289450
-4629647
-340197
-300000
85793466
7851266
77123133
819067
200000
4000000
3800000
1100000
500000
518640
100000
4930772
6700000
1603763
-199749
1803512
3984364
7784021
3799657
65700000
100000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Impaired Loans, Allowance for Loan Losses and Charge-offs</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We consider a loan impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. We evaluate each loan in our portfolio on a quarterly basis. Our loans are individually specific and unique as it relates to product type, geographic location, and collateral type, as well as to the rights and remedies and the position in the capital structure our loans and investments have in relation to the underlying collateral. We evaluate all of this information as well as general market trends related to specific classes of assets, collateral type and geographic locations, when determining the appropriate assumptions such as capitalization and market discount rates, as well as the borrower's operating income and cash flows, in estimating the value of the underlying collateral when determining if a loan is impaired. We utilize internally developed valuation models and techniques primarily consisting of discounted cash flow and direct capitalization models in determining the fair value of the underlying collateral on an individual loan. We may also obtain a third party appraisal, which may value the collateral through an "as-is" or "stabilized value" methodology. Such appraisals may be used as an additional source of valuation information only and no adjustments are made to appraisals.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> If upon completion of the valuation, the fair value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, an allowance is created with a corresponding charge to the provision for loan losses. The allowance for each loan is maintained at a level that we believe to be adequate to absorb probable losses.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Loan terms may be modified if we determine that based on the individual circumstances of a loan and the underlying collateral, a modification would more likely increase the total recovery of the combined principal and interest from the loan. Any loan modification is predicated upon a goal of maximizing the collection of the loan. Typical triggers for a modification would include situations where the projected cash flow is insufficient to cover required debt service, when asset performance is lagging the initial projections, where there is a requirement for rebalancing, where there is an impending maturity of the loan, and where there is an actual loan default. Loan terms that have been modified have included, but are not limited to interest rate, maturity date and in certain cases, principal amount. Length and amounts of each modification have varied based on individual circumstances and are determined on a case by case basis. If the loan modification constitutes a concession whereas we do not receive ample consideration in return for the modification, and the borrower is experiencing financial difficulties and cannot repay the loan under the current terms, then the modification is considered by us to be a troubled debt restructuring. If we receive a benefit, either monetary or strategic, and the above criteria are not met, the modification is not considered to be a troubled debt restructuring. We record interest on modified loans on an accrual basis to the extent that the modified loan is contractually current.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Charge-offs to the allowance for loan losses occur when losses are confirmed through the receipt of cash or other consideration from the completion of a sale; when a modification or restructuring takes place in which we grant a concession to a borrower or agree to a discount in full or partial satisfaction of the loan; when we take ownership and control of the underlying collateral in full satisfaction of the loan; when loans are reclassified as other investments; or when significant collection efforts have ceased and it is highly likely that a loss has been realized.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Loss on restructured loans is recorded when we have granted a concession to the borrower in the form of principal forgiveness related to the payoff or the substitution or addition of a new debtor for the original borrower or when we incur costs on behalf of the borrower related to the modification, payoff or the substitution or addition of a new debtor for the original borrower. When a loan is restructured, we record our investment at net realizable value, taking into account the cost of all concessions at the date of restructuring. The reduction in the recorded investment is recorded as a separate line on the consolidated statements of income in the period in which the loan is restructured. In addition, a gain or loss may be recorded upon the sale of a loan to a third party in the consolidated statements of income in the period in which the loan was sold.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
102447840
102447840
102447840
1845111
30786433
68992296
824000
115487320
36469894
3700000
51344982
23972444
86761575
1700000
5505653
3700000
53883478
21972444
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">for Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recorded</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Income</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,362,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,350,764
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,505,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,301,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>314,910
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,580,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,796,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,833,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,804,967
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,468,667
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,875,774
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,883,478
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>124,639,534
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,486,433
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,050,312
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,861,364
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,209,415
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,374,121
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,170,189
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">for Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recorded</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Income</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,239,894
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,232,710
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,469,894
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,487,834
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>763,208
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,086,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,498,273
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,086,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,788,152
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>121,810,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>117,621,457
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,344,982
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,948,175
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,249,959
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,375,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>664,678
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231,886,876
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221,602,399
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,897,591
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,216,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents the UPB of impaired loans less unearned revenue and other holdbacks and adjustments by asset class and was comprised of nine loans at December 31, 2015 and ten loans at December 31, 2014.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents an average of the beginning and ending UPB of each asset class.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
97500000
118100000
224897591
52487834
17375000
118948175
36086582
215374121
850000
23301005
34750000
124639534
31833582
3216038
763208
664678
1788152
3170189
314910
1050312
1804967
231886876
39239894
34750000
121810400
36086582
198861364
1700000
7362115
34750000
127468667
27580582
300000
19047949
19047949
100000
-800000
-204475
100000
40048
248658
200000
40493
7900000
-51170
219287
800000
3095913
12300516
6600000
200000
6600000
100000
1534025
6353239
5500000
5500000
1317339
-191436
241641
1185353
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 15—Income Taxes</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We are organized and conduct our operations to qualify as a REIT and to comply with the provisions of the Internal Revenue Code with respect thereto. A REIT is generally not subject to federal income tax on taxable income which it distributes to its stockholders, provided that it distributes at least 90% of its REIT—taxable income and meets certain other requirements. We did not have REIT—federal taxable income net of dividends paid and net operating loss deductions for the years ended December 31, 2015, 2014 and 2013, and therefore, have not provided for federal income tax expense.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> For the years ended December 31, 2015, 2014 and 2013, we did not incur any state tax expenses. For the 2009 and 2010 tax years, the income and the tax on certain debt extinguishment transactions was, at our election, deferred to be recognized ratably over five years from 2014 to 2018. We expect that our current and anticipated net operating losses will fully offset the income to be recognized over the five year period.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Certain of our assets or operations that would not otherwise comply with the REIT requirements, are owned or conducted by our TRSs, the income of which is subject to federal and state income taxes. We did not record a provision for current income taxes related to the assets that are held in TRSs for the years ended December 31, 2015, 2014 and 2013.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A reconciliation of our effective income tax rate as a percentage of pretax income or loss to the U.S. federal statutory rate is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">U.S. federal statutory rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">REIT non-taxable income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(35.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">State and local income taxes, net of federal tax benefit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Change in valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Effective income tax rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The significant components of deferred tax assets (liabilities) were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Expenses not currently deductible</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,441,408
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,541,807
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net operating and capital loss carryforwards</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,714,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,279,854
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax assets, gross</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,155,983
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,821,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,320,476
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,742,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax assets, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax liability:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest in equity affiliates—net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2015, our TRSs, on a consolidated basis (the "TRS Group"), had $16.2 million of deferred tax assets consisting of expenses not currently deductible and net operating and capital loss carryforwards. Our TRS Group's deferred tax assets are offset by $3.8 million in deferred tax liabilities consisting of timing differences from investments in equity affiliates, and a valuation allowance of $12.3 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2014, our TRS Group had $8.8 million of deferred tax assets consisting of expenses not currently deductible and net operating and capital loss carryforwards. Our TRS Group's deferred tax assets are offset by $1.1 million in deferred tax liabilities consisting of timing differences from investments in equity affiliates, and a valuation allowance of $7.7 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015, we (excluding the TRS Group) will have $136.0 million of federal and state net operating loss carryforwards and no capital loss carryforwards. The net operating losses will expire through 2034. In 2015, the remaining $4.4 million capital loss carryforwards were utilized, primarily from the gain on the sale of several real estate properties.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The TRS Group has federal and state net operating loss carryforwards as of December 31, 2015 and 2014 of $13.2 million and $11.9 million, respectively, which will expire through 2035 and 2034, respectively. This amount includes federal and state capital loss carryovers as of December 31, 2015 of $2.0 million, which will expire in 2017. We have concluded that it is more likely than not that the net operating and capital loss carryforwards will not be utilized during the carryforward period, and as such, net of deferred tax liabilities, we have established a valuation allowance against all of the net deferred tax assets.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We have assessed our tax positions for all open tax years, which includes 2012 to 2015, and concluded there were no material uncertainties to be recognized. We have not recognized any interest and penalties related to tax uncertainties for the years ended December 31, 2015, 2014 and 2013.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
462356
80101
286571
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Income Taxes</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We organize and conduct our operations to qualify as a REIT and to comply with the provisions of the Internal Revenue Code with respect thereto. A REIT is generally not subject to federal income tax on its REIT-taxable income that it distributes to its stockholders, provided that it distributes at least 90% of its REIT-taxable income and meets certain other requirements. Certain REIT income may be subject to state and local income taxes. Certain of our assets or operations that would not otherwise comply with the REIT requirements are owned or conducted by our taxable REIT subsidiaries ("TRS"), the income of which is subject to federal and state income taxes.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using current tax rates. The deferred tax assets and liabilities of the TRSs relate primarily to expenses not currently deductible and net operating and capital loss carryforwards. A valuation allowance for deferred tax assets is provided if we believe it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of certain deferred tax assets is dependent on the TRSs generating sufficient taxable income in future periods or employing certain tax planning strategies to realize such deferred tax assets.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We periodically evaluate tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. We report interest and penalties related to tax uncertainties as a component of the income tax provision.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
5305848
5687545
4876191
5759559
2212738
-2624389
-1300000
435272
224696
149578
42065151
47903458
49720132
56966472
14320477
58812886
14269832
17323926
12898651
13282028
64932754
22632167
14140346
14878213
99031623
106716344
106768542
7884344
7900000
2200000
1500000
1500000
900000
200000
500000
1200000
100000
100000
3100000
200000
300000
1100000
3800000
200000
200000
200000
2300000
200000
2800000
300000
100000
300000
100000
300000
200000
46717669
42756229
43938914
-5000000
14381733
8669203
1900000
300000
2939465
2939465
0
100000
4869066
98578
578000
425000
100
1894727
1872661
30870235
25923679
92796
578000
425000
100
1894727
1955933
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investment in Equity</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Affiliates at</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB of Loans</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">to Equity</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Affiliates at</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Equity Affiliates </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Arbor Residential Investor LLC</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,923,679
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">West Shore Café</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,955,933
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,872,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,687,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Lightstone Value Plus REIT L.P</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Issuers of Junior Subordinated Notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">JT Prime</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">East River Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,796
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,578
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,994,166
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Lexford Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,324,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Ritz-Carlton Club</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,870,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,869,066
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,005,666
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 4—Securities</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our securities classified as available-for-sale at December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cumulative</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gain</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Federal Home Loan Mortgage Corporation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our securities classified as available-for-sale at December 31, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cumulative</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Loss) / Gain</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial mortgage-backed security (CMBS)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>440,920
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,709
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,158,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>340,920
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,499,709
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the fourth quarter of 2015, we purchased a federal home loan mortgage corporation security at a premium for $1.6 million. This security bore interest at a fixed rate of 3.241% with a scheduled maturity in 2024. We sold this security in January 2016 for $1.6 million and recognized a gain of less than $0.1 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the second quarter of 2015, our CMBS investment, which had a carrying value of $2.0 million, paid off in full. In connection with this pay off, we received proceeds of $2.1 million and reversed a $0.1 million unrealized loss from accumulated other comprehensive loss on our consolidated balance sheet. Our CMBS investment had an underlying credit rating of CCC– based on the rating published by Standard & Poor's at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the first quarter of 2014, we sold all of our RMBS investments, which had an aggregate carrying value of $33.4 million, for $33.9 million and recorded a net gain of $0.5 million to other income, net on our consolidated statements of income, which includes the reclassification of a net unrealized gain of $0.4 million from accumulated other comprehensive loss on our consolidated balance sheet. Included in these sales were two RMBS investments with deteriorated credit quality that had an aggregate carrying value of $25.8 million and that were sold for $25.9 million. The RMBS investments were financed with two repurchase agreements totaling $25.3 million which were repaid with the proceeds.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The weighted average yield on our CMBS and RMBS investments, including the amortization of premium and the accretion of discount, based on their face values was 1.04% and 1.80% for the years ended December 31, 2015 and 2014, respectively.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
156391419
175858000
156391419
102600561
156400000
157117130
175858000
157117130
104073847
104073847
157100000
12042332
13978223
17500457
1200000
1331038568
1262301169
1866494039
1827391944
25000000
15000000
100000000
75000000
75000000
150000000
150000000
25000000
100000000
87000000
60000000
175000000
25000000
16500000
150000000
100000000
75000000
75000000
50000000
161706313
122277411
115487320
86761575
80600000
49100000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 3—Loans and Investments</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table sets forth the composition of our loan and investment portfolio:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Remaining</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Months to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353,132,435
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.48
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,390,905
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.19
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,346,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.63
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,030,129
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
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<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Pay Rate(1)</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Remaining</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Months to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(2)</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,273,439,238
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.19
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,392,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.78
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,091,952
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.62
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,505,658
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,587,429,498
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.45
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,466,528
</td>
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</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(115,487,320
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
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<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
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<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">"Weighted Average Pay Rate" is a weighted average, based on the unpaid principal balances of each loan in our portfolio, of the interest rate that is required to be paid monthly as stated in the individual loan agreements. Certain loans and investments that require an additional rate of interest "Accrual Rate" to be paid at the maturity are not included in the weighted average pay rate as shown in the table.</font></p>
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<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The "First Dollar LTV Ratio" is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The "Last Dollar LTV Ratio" is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Bridge loans are loans to borrowers who are typically seeking short-term capital to be used in an acquisition of a property and are predominantly secured by first mortgage liens on the property.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Mezzanine loans and junior participating interests in senior debt are loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction. Mezzanine financing may take the form of loans secured by pledges of ownership interests in entities that directly or indirectly control the real property or subordinated loans secured by second mortgage liens on the property.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A preferred equity investment is another method of financing in which preferred equity investments in entities that directly or indirectly own real property are formed. In cases where the terms of a first mortgage prohibit additional liens on the ownership entity, investments structured as preferred equity in the entity owning the property serve as viable financing substitutes. With preferred equity investments, we typically become a member in the ownership entity.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the fourth quarter of 2015, we took possession of three co-operative apartments in Manhattan, New York that were held as collateral for a first mortgage that was previously written off. The apartments had a fair value of $2.2 million and were recorded as other assets on our consolidated balance sheet.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the first quarter of 2015, we acquired a $116.0 million defaulted first mortgage, at par. We financed this acquisition primarily with a new $87.0 million warehouse repurchase facility. In the second quarter of 2015, the first mortgage paid off and as a result, we repaid the $87.0 million warehouse facility and recognized income totaling $6.7 million, net of fees and expenses. The $6.7 million of income is comprised of other interest income totaling $7.9 million, partially offset by $1.2 million of expenses related to this transaction that were recorded in employee compensation and benefits.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;">Concentration of Credit Risk</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We operate in one portfolio segment, commercial mortgage loans and investments. Commercial mortgage loans and investments can potentially subject us to concentrations of credit risk. We are subject to concentration risk in that, as of December 31, 2015, the unpaid principal balance related to 22 loans with five different borrowers represented 22% of total assets. At December 31, 2014, the unpaid principal balance related to 31 loans with five different borrowers represented 23% of total assets. In addition, in 2015 and 2014, no single loan or investment represented 10% of our total assets and no single investor group generated 10% of our revenue.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We measure our relative loss position for our mezzanine loans, junior participation loans, and preferred equity investments by determining the point where we will be exposed to losses based on our position in the capital stack as compared to the fair value of the underlying collateral. We determine our loss position on both a first dollar loan-to-value ("LTV") and a last dollar LTV basis. First dollar LTV is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position. Last dollar LTV is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We assign a credit risk rating to each loan and investment. Individual ratings range from one to five, with one being the lowest risk and five being the highest. Each credit risk rating has benchmark guidelines that pertain to debt-service coverage ratios, LTV ratios, borrower strength, asset quality, and funded cash reserves. Other factors such as guarantees, market strength, remaining loan term, and borrower equity are also reviewed and factored into determining the credit risk rating assigned to each loan. This metric provides a helpful snapshot of portfolio quality and credit risk. Given our asset management approach, however, the risk rating process does not result in differing levels of diligence contingent upon credit rating. That is because all portfolio assets are subject to the level of scrutiny and ongoing analysis consistent with that of a "high-risk" loan. Assets are subject to, at minimum, a thorough quarterly financial evaluation in which historical operating performance and forward-looking projections are reviewed. Generally speaking, given our typical loan and investment profile, a risk rating of three suggests that we expect the loan to make both principal and interest payments according to the contractual terms of the loan agreement, and is not considered impaired. A risk rating of four indicates we anticipate that the loan will require a modification of some kind. A risk rating of five indicates we expect the loan to underperform over its term, and there could be loss of interest and/or principal. Ratings of 3.5 and 4.5 generally indicate loans that have characteristics of both the immediately higher and lower classifications. Further, while the above are the primary guidelines used in determining a certain risk rating, subjective items such as borrower strength, condition of the market of the underlying collateral, additional collateral or other credit enhancements, or loan terms, may result in a rating that is higher or lower than might be indicated by any risk rating matrix.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As a result of the loan review process at December 31, 2015 and 2014, we identified loans and investments that we consider higher-risk loans that had a carrying value, before loan loss reserves, of $154.7 million and $189.4 million, respectively, and a weighted average last dollar LTV ratio of 94% and 94%, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A summary of the loan and investment portfolio's weighted average internal risk ratings and LTV ratios by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Internal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,083,822,788
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,829,086
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164,410,838
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,813,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Internal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">First Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Last Dollar</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,157,462,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,491,164
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128,367,601
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,858,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,587,429,498
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;">Geographic Concentration Risk</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015, 34%, 14%, 14% and 12% of the outstanding balance of our loan and investment portfolio had underlying properties in New York, Florida, California and Texas, respectively. As of December 31, 2014, 28%, 14% and 10% of the outstanding balance of our loan and investment portfolio had underlying properties in New York, Texas and Florida, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;">Impaired Loans and Allowance for Loan Losses</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We perform an evaluation of the loan portfolio quarterly to assess the performance of our loans and whether a reserve for impairment should be recorded. We consider a loan impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due for both principal and accrued interest according to the contractual terms of the loan agreement.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the year ended December 31, 2015, we determined that the fair value of the underlying collateral securing five impaired loans with an aggregate carrying value of $125.3 million was less than the net carrying value of the loans, resulting in a $6.5 million provision for loan losses. In addition, during 2015, we recorded $2.0 million of net recoveries of previously recorded loan loss reserves resulting in a $4.5 million net recovery provision. These recoveries were recorded in provision for loan losses on the consolidated statements of income. Of the $6.5 million of loan loss reserves recorded during 2015, $4.0 million was attributable to loans on which we had previously recorded reserves, while $2.5 million of reserves related to other loans in our portfolio.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the year ended December 31, 2014, we determined that the fair value of the underlying collateral securing four impaired loans with an aggregate carrying value of $151.9 million was less than the net carrying value of the loans, resulting in a $9.0 million provision for loan losses. In addition, during 2014, we recorded $9.3 million of net recoveries of previously recorded loan loss reserves resulting in a $(0.3) million net recovery provision. These recoveries were recorded in provision for loan losses on the consolidated statements of income. Of the $9.0 million of loan loss reserves recorded during 2014, $3.8 million was attributable to loans on which we had previously recorded reserves, while $5.2 million of reserves related to other loans in our portfolio.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the year ended December 31, 2013, we determined that the fair value of the underlying collateral securing five impaired loans with an aggregate carrying value of $31.5 million was less than the net carrying value of the loans, resulting in a $6.5 million provision for loan losses. In addition, during 2013, we recorded $2.2 million of net recoveries of previously recorded loan loss reserves resulting in a net $4.3 million provision for loan losses. Of the $6.5 million of loan loss reserves recorded during 2013, $1.0 million was attributable to loans on which we had previously recorded reserves, while $5.5 million of reserves related to other loans in our portfolio.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2015, we had a total of nine loans with an aggregate carrying value, before loan loss reserves, of $189.2 million for which impairment reserves have been recorded. At December 31, 2014, we had a total of ten loans with an aggregate carrying value, before loan loss reserves, of $221.6 million for which impairment reserves have been recorded. At December 31, 2013, we had a total of 15 loans with an aggregate carrying value, before loan loss reserves, of $207.5 million for which impairment reserves have been recorded.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A summary of the changes in the allowance for loan losses is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance at beginning of the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,277,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161,706,313
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Provision for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,509,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,026,712
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,713,459
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-off on loan reclassified to real estate owned, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-off on loan converted to other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Recoveries of reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(734,894
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,215,443
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Allowance at end of the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,277,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A summary of charge-offs and recoveries by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Charge-offs:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,789,815
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,252,129
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,671,515
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Condo</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(43,713,459
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Recoveries:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(754,394
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,815,724
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,510,949
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(704,494
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,287,869
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,042,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,215,443
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net Recoveries (Charge-offs)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,457,737
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,814,645
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(41,498,016
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Ratio of net charge-offs during the period to average loans and investments outstanding during the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.1
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.2
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)%</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> There were no loans for which the collateral securing the loan was less than the carrying value of the loan for which we had not recorded a provision for loan loss as of December 31, 2015, 2014 and 2013.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> For the year ended December 31, 2015, charge-off activity was comprised of a $32.0 million charge-off of previously recorded reserves due to the write-off of a fully reserved junior participation loan. We also charged-off $2.5 million in connection with the transfer of an office building by deed in lieu of foreclosure to real estate owned, net.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> For the year ended December 31, 2014, charge-off activity was comprised of a $6.5 million charge-off to previously recorded reserves from the write-off of a mezzanine loan and a bridge loan that had an aggregate carrying value of $11.9 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> For the year ended December 31, 2013, charge-off activity was comprised of a $23.2 million charge-off to previously recorded reserves from the write-off of several loans that had an aggregate carrying value of $23.2 million; a $19.0 million charge-off in connection with the transfer of land that was held as collateral for a $25.0 million loan to other assets at a fair value of $6.0 million; and a $1.5 million charge-off in connection with receiving proceeds of $4.4 million from the sale of a $5.9 million bridge loan. The land transferred to other assets is 20.5 acres of usable land and 2.3 acres of submerged land located on the banks of the St. John's River in downtown Jacksonville, Florida and is currently zoned for the development of up to 60 dwellings per acre. This land was held as collateral by a joint venture that we assumed full ownership of and the related loan was consolidated.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We have six loans with a carrying value totaling $118.1 million at December 31, 2015, which mature in September 2017, that are collateralized by a land development project. The loans do not carry a current pay rate of interest, but four of the loans with a carrying value totaling $97.5 million entitle us to a weighted average accrual rate of interest of approximately 9.60%. We suspended the recording of the accrual rate of interest on these loans, as these loans were impaired and we deemed the collection of this interest to be doubtful. We have recorded cumulative allowances for loan losses of $49.1 million related to these loans as of December 31, 2015. The loans are subject to certain risks associated with a development project including, but not limited to, availability of construction financing, increases in projected construction costs, demand for the development's outputs upon completion of the project, and litigation risk. Additionally, these loans were not classified as non-performing as the borrower is in compliance with all of the terms and conditions of the loans.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A summary of our impaired loans by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">for Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recorded</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Income</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,362,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,350,764
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,505,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,301,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>314,910
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,580,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,796,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,833,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,804,967
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,468,667
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,875,774
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,883,478
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>124,639,534
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,486,433
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,050,312
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,861,364
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,209,415
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,374,121
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,170,189
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">for Loan</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recorded</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Income</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,239,894
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,232,710
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,469,894
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,487,834
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>763,208
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,086,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,498,273
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,086,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,788,152
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>121,810,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>117,621,457
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,344,982
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,948,175
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,249,959
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,375,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>664,678
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231,886,876
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221,602,399
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,897,591
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,216,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents the UPB of impaired loans less unearned revenue and other holdbacks and adjustments by asset class and was comprised of nine loans at December 31, 2015 and ten loans at December 31, 2014.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents an average of the beginning and ending UPB of each asset class.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015, three loans with an aggregate net carrying value of less than $0.1 million, net of related loan loss reserves on the loans of $22.9 million, were classified as non-performing. Income from non-performing loans is generally recognized on a cash basis only to the extent it is received. Full income recognition will resume when the loan becomes contractually current and performance has recommenced. As of December 31, 2014, three loans with an aggregate net carrying value of $7.0 million, net of related loan loss reserves on two of the loans of $34.0 million, were classified as non-performing.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A summary of our non-performing loans by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,277,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,277,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,043,556
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,277,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2015, we did not have any loans contractually past due 90 days or more that are still accruing interest.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> A summary of loan modifications, refinancings and/or extensions by asset class that we considered to be troubled debt restructurings were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.95
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.95
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> There were no loans in which we considered the modifications to be troubled debt restructurings that were subsequently considered non-performing as of December 31, 2015 and 2014 and no additional loans were considered to be impaired due to our troubled debt restructuring analysis for the years ended December 31, 2015 and 2014. We had unfunded commitments of $0.1 million on the extended loans which were considered troubled debt restructurings as of December 31, 2015 and no unfunded commitment on the extended loan which was considered troubled debt restructuring as of December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Given the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve, based on contractual requirements, to cover debt service costs. As of December 31, 2015, we had total interest reserves of $17.2 million on 63 loans with an aggregate UPB of $895.4 million.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0.0600
0.0725
0.0500
0.0600
0.0550
0.0480
0.0480
0.0790
0.055
0.0450
0.0500
0.0450
0.0550
0.0279
0.0725
0.1047
0.0490
0.1243
0.0300
0.0600
0.0550
0.0850
0.0400
0.0790
0.0310
0.0450
0.0450
one-month LIBOR
one-month LIBOR
one-month LIBOR
one-month LIBOR
one-month LIBOR
LIBOR
LIBOR
LIBOR
one-month LIBOR
LIBOR
LIBOR
LIBOR
LIBOR
Libor
LIBOR
LIBOR
LIBOR
LIBOR
6000000
13900000
849100000
10000000
3
2
73
2
2055972
2055972
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">SCHEDULE IV—LOANS AND OTHER LENDING INVESTMENTS</font>
</p>
<p style="margin:5pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">DECEMBER 31, 2015</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Periodic</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Payment</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Terms(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Date(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Pay</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Index(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Prior Liens</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount(4)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount(5)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Subject to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Delinquent</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Bridge Loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Bridge loans in excess of 3% of carrying amount of total loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 4.90% - 10.47%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.21% - 0.25%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>186,096,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>185,933,177
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Bridge loans less than 3% of carrying amount of total loans(6):</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2020</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 3.00% - 12.43%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.15% - 0.50%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 10.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>826,243,063
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>820,240,110
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 4.00% - 8.50%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.15% - 0.25%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 8.75% - 13.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,450,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>148,477,868
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,794,387
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2020</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 3.10% - 7.90%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.50% - 1.50%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 6.30%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>134,760,504
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,007,015
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Hotel</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">NY</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO / PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 7.25%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.25%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,500,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,469,583
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Commercial</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 5.50% - 6.00%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.25%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,505,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,388,300
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Healthcare</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">OR</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2018</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 5.50%</font><br /><font style="display:inline;font-family:Times;font-size:7.5pt;">Floor 0.25%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,550,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,648
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-family:Times;font-size:12pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,450,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,167,036,435
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,114,438,043
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Bridge Loans</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,450,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353,132,435
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,371,220
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Mezzanine Loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Mezzanine loans less than 3% of carrying amount of total loans(6):</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO / PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2025</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 5.00% - 12.50%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>166,337,488
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,399,603
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,474,849
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 12%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,300,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,932,969
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,600,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Retail</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">FL</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2024</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 12.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,600,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,058,333
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,058,333
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Mezzanine Loans</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>229,237,488
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,390,905
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,133,182
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Junior Participations:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Junior participation loans less than 3% of carrying amount of total loans(6):</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO / PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 4.00% - 7.58%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,144,153
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,006,234
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Junior Participations</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,144,153
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,006,234
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Periodic</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Payment</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Terms(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Date(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Pay</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Index(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Prior Liens</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount(4)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount(5)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Subject to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Delinquent</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Preferred Equity Loans:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Preferred equity loans less than 3% of carrying amount of total loans(6):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2024</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 8.00% - 15.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>77,298,378
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,084,123
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,980,559
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IL</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Libor + 2.79%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,050,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">NY</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 12.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,950,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">SC</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2024</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 15.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,812,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,793,146
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">NY</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 6.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,792,384
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Preferred Equity Loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>178,840,762
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,346,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,823,705
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,673,672,403
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(1)</font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO = Interest Only, PI = Principal and Interest.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(2)</font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Maturity date does not include possible extensions.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(3)</font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">References to LIBOR are to one-month LIBOR unless specifically stated otherwise.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(4)</font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">During 2015, $34.3 million of loans were modified to $39.3 million and $274.4 million of loans were extended.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(5)</font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The federal income tax basis is approximately $1.5 billion.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(6)</font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Individual loans each have a carrying value less than 3% of total loans.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table reconciles our loans and investments carrying amounts for the periods indicated:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Balance at beginning of year</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,523,699,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,325,667,053
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Additions during period:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">New loan originations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>944,250,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,666,405
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>591,537,200
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loan charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,713,459
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Funding of unfunded loan commitments(1) </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,929,472
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>907,052
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322,926
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Accretion of unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,555,539
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,976,577
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,385,999
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-off on loan converted to real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Recoveries of reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,042,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,215,443
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Charge-off on loan converted to other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deductions during period:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loan payoffs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(865,595,986
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(941,279,252
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(324,358,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loan paydowns</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(84,707,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,558,929
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(54,261,753
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Use of loan charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,713,459
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loan converted to real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Provision for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,509,149
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,026,712
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Unearned revenue and costs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,907,007
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,224,868
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,884,655
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Satisfaction of participation loan</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loan converted to other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Proceeds and receivables from sale of loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,424,097
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Balance at end of year</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,523,699,653
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">In accordance with certain loans and investments, we have outstanding unfunded commitments that we are obligated to fund as the borrowers meet certain requirements. Specific requirements include but are not limited to property renovations, building construction, and building conversions based on criteria met by the borrower in accordance with the loan agreements.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-weight:bold;"></font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
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0.0450
0.0800
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<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Recently Issued Accounting Pronouncements</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2016, the Financial Accounting Standards Board ("FASB") amended its guidance on the recognition and measurement of financial assets and liabilities. The guidance is effective for the first quarter of 2018 and we are currently evaluating the impact it may have on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In September 2015, the FASB amended its guidance on measurement-period adjustments arising from business combinations. The guidance is effective for the first quarter of 2016 and we do not expect it to have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In April 2015, the FASB amended its guidance on the balance sheet presentation of debt issuance costs. The guidance is effective for the first quarter of 2016. We early adopted this guidance in the fourth quarter of 2015 and it did not have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2015, the FASB amended its guidance on the consolidation analysis of variable interest entities. The guidance is effective for the first quarter of 2016 and we do not expect it to have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2015, the FASB eliminated the concept of extraordinary items and thus the requirement to assess whether an event or transaction requires extraordinary classification on the financial statements. The guidance is effective for the first quarter of 2016. We early adopted this new guidance in the first quarter of 2015 and it did not have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In April 2014, the FASB issued updated guidance that changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. As a result of this new guidance, future dispositions of real estate owned assets may no longer meet the criteria to be considered as discontinued operations. The guidance was effective prospectively as of the first quarter of 2015, with early adoption permitted for new disposals or new classifications as held-for-sale. We early adopted this new guidance in the first quarter of 2014.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
1300000
1300000
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2
2
2
2
72812006
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11900000
136000000
13200000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 1—Description of Business</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Arbor Realty Trust, Inc. is a Maryland corporation that was formed in 2003 to invest in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. We may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. We conduct substantially all of our operations through our operating partnership, Arbor Realty Limited Partnership ("ARLP"), and ARLP's wholly-owned subsidiaries. We organize and conduct our operations to qualify as a REIT for federal income tax purposes.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On July 1, 2003, Arbor Commercial Mortgage, LLC (our "Manager") contributed $213.1 million of structured finance assets and $169.2 million of borrowings supported by $43.9 million of equity in exchange for a commensurate equity ownership in ARLP. In addition, certain employees of our Manager were transferred to ARLP. At that time, these assets, liabilities and employees represented a substantial portion of our Manager's structured finance business. We are externally managed and advised by our Manager and pay our Manager a management fee in accordance with a management agreement. Our Manager also sources originations, provides underwriting services, and services all structured finance assets on behalf of ARLP and its wholly owned subsidiaries.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
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29558430
6969201
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431476
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100000
100000
431476
431476
431476
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-12653954
-12653954
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431476
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382130
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70605
70605
100000
32417974
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9151570
8962195
6056465
8486343
27936612
7278650
7254484
4917135
49332212
7385474
51054321
1224193
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">90 Days</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multi-family</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,277,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,277,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,043,556
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,277,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
75139934
2032106
290000
20700000
2600000
21326517
26029540
29495314
4036481
7096880
7553720
5037806
10573245
10776263
4788877
285919
8004139
4714838
2223664
250000
44000
44000
526499
19323597
29024327
1551716
175559
0.0825
0.0775
0.125
0.0825
0.0775
0.085
0.125
0.085
0.0825
0.0775
0.085
0.125
0.0825
0.0775
0.085
4506583
1590930
7256255
1888465
1888430
1888430
1888430
7553720
1888430
1888430
1888430
1.719
1.087
1.719
1.087
2.063
1.938
1.617
2.063
1.938
1.617
2.063
1.938
2.125
2.063
1.938
2.125
0.515625
0.484375
0.53125
0.515625
0.484375
0.53125
0.515625
0.484375
0.53125
0.515625
0.484375
0.53125
0.515625
0.484375
0.53125
25.00
38787500
31500000
22500000
38787500
31500000
22500000
0.01
0.01
100000000
100000000
1551500
1260000
900000
1551500
1260000
900000
1551500
1260000
900000
1551500
1260000
900000
89295905
89295905
62500
9094313
80653523
8993010
4840000
134176328
6800000
6500000
65200000
85400000
7400000
12500000
70287500
22500000
21600000
97860025
38614122
663684
2100000
27155000
235145560
402080235
593879165
-12514227
-162354455
169710075
2100000
25900000
33900000
33904172
2100000
1600000
3100000
7900000
1100000
18800000
65800000
4424097
21912729
40076915
1400000
0
3100000
4287652
-308511
4466886
17100000
26507
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 17—Summary Quarterly Consolidated Financial Information—Unaudited</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following tables represent summarized quarterly financial data for the years ended December 31, 2015 and 2014 which, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of our results of operations.</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,878,213
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,140,346
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,632,167
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,282,028
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,917,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,254,484
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,278,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,486,343
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,001,688
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,338,403
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,057,772
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,669,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate and income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,793,660
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,056,427
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,853,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,098,910
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain on acceleration of deferred income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,162,720
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,009,162
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loss on termination of swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(340,197
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,289,450
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,799,657
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,984,364
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,317,339
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,353,239
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,534,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,095,913
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,910,656
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,232,189
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,387,070
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,898,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,022,226
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,343,759
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,498,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,010,469
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Basic earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Diluted earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,898,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,323,926
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,269,832
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,320,477
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,056,465
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,962,195
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,151,570
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,116,484
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,859,256
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,819,835
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,958,639
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,011,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income before gain on sale of equity interests, incentive management fee, gain (loss) on sale of real estate and income (loss) from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,095,860
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,466,286
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,462,763
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,425,643
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain on sale of equity interests</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>819,067
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>77,123,133
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,851,266
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Incentive management fee—equity interest—related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,047,949
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain (loss) on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,803,512
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(199,749
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income (loss) from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,287
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(51,170
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,493
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,048
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,937,726
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65,290,551
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,354,522
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,465,691
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,465
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,590,930
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,049,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,402,121
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,466,057
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,874,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Basic earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.26
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.23
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Diluted earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.26
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.23
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The total for the year may differ from the sum of the quarters as a result of weighting.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
2200000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 6—Real Estate Owned and Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our real estate assets were comprised of three multifamily properties (the "Multifamily Portfolio"), two hotel properties (the "Hotel Portfolio") and an office building at December 31, 2015 and four multifamily properties and five hotel properties at December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015 and 2014, the Multifamily Portfolio had a mortgage note payable of $27.2 million and $31.0 million, respectively. See Note 7—"Debt Obligations" for further details.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Real Estate Owned</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Multifamily</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Office</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Building</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Multifamily</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,844
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,293,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,509,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,341,495
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,844
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,393,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,932,495
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Building and intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,643,889
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,338,882
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,391,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,373,771
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,249,869
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,818,891
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,068,760
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Less: accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,399,041
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,329,615
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(141,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16,869,757
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,414,267
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,661,347
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,075,614
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Real estate owned, net. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,783,692
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,302,918
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,758,899
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,845,509
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,374,446
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,551,195
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,925,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015, 2014 and 2013, our Multifamily Portfolio had a weighted average occupancy rate of approximately 94%, 90% and 85%, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> For the years ended December 31, 2015, 2014 and 2013, our Hotel Portfolio had a weighted average occupancy rate of approximately 53%, 51% and 48%, respectively, a weighted average daily rate of approximately $90, $76 and $79, respectively, and a weighted average revenue per available room of approximately $48, $39 and $38, respectively. The operation of the hotel properties are seasonal with the majority of revenues earned in the first two quarters of the calendar year.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the third quarter of 2015, we acquired an office building by deed in lieu of foreclosure that was held as collateral for a first mortgage loan with a carrying value at the acquisition date of $5.9 million, net of reserves. We finalized the purchase price allocation in the fourth quarter of 2015. The office building was fully occupied at December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our real estate assets had restricted cash balances totaling $1.6 million and $1.7 million as of December 31, 2015 and 2014, respectively, due to escrow requirements.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Real Estate Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015, there was one property in the Hotel Portfolio with a carrying value of $8.7 million classified as real estate held-for-sale. In 2015, three properties in the Hotel Portfolio with a combined carrying value of $26.2 million were reclassified from real estate owned to real estate held-for-sale due to proposed sales. Two of these properties were sold in 2015 and we recognized a total gain of $3.8 million. Also in 2015, we sold a property in our Multifamily Portfolio as well as a property in the Hotel Portfolio classified as held-for-sale for a total of $18.8 million and recognized a gain of $4.0 million. In 2014, a property in the Multifamily Portfolio was sold for $3.1 million. In connection with this sale, we recorded a loss on sale of $0.2 million and a reduction of the mortgage note payable of $3.4 million. During 2014, we recorded an impairment loss of $0.3 million related to this property as a result of an impairment analysis based on indicators of value from market participants.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The results of operations for properties classified as held-for-sale are summarized as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Revenue:</font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Property operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,971,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,362,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,322,212
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Property operating expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,224,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,243,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,831,649
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Depreciation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,562,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,877,143
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,681,999
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,185,353
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>241,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(191,436
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
8700000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Property operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,971,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,362,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,322,212
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Property operating expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,224,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,243,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,831,649
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Depreciation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,562,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,877,143
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,681,999
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,185,353
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>241,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(191,436
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
20075614
7414267
12661347
16869757
9399041
7329615
141101
90068760
14932495
31249869
58818891
5538844
9393651
64373771
13341495
32643889
30338882
1391000
5538844
3293651
4509000
84925641
84925641
80732144
29374446
55551195
60845509
60845509
0
28783692
26302918
5758899
30127260
32641249
27666252
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Statement of Income Caption</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net realized losses on derivatives designated as cash flow hedges:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,149,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,706,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest expense(1)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Termination of Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,626,192
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loss on termination of swaps(1)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net realized gain on sale of available-for-sale investments:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">RMBS investment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>431,476
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other income(2)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">See Note 8—"Derivative Financial Instruments" for additional details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">See Note 4—"Securities" for additional details.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
10900000
10900000
9900000
9900000
10900000
10900000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 14—Agreements and Transactions with Related Parties</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Management Agreement</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We, ARLP and Arbor Realty SR, Inc. have a management agreement with our Manager, pursuant to which our Manager provides certain services and we pay our Manager a base management fee and under certain circumstances, an annual incentive fee.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our Manager has agreed to provide us with structured finance investment opportunities and loan servicing as well as other services necessary to operate our business. We rely to a significant extent on the facilities and resources of our Manager to conduct our operations. Our Manager's management of us is under the direction or supervision of our Board of Directors. The management agreement requires our Manager to manage our business affairs in conformity with the policies and the general investment guidelines that are approved and monitored by our Board of Directors.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We and our operating partnership have also entered into a services agreement with our Manager pursuant to which our asset management group provides asset management services to our Manager. In the event the services provided by our asset management group pursuant to the agreement exceed by more than 15% per quarter the level of activity anticipated by the Board of Directors, we will negotiate in good faith with our Manager an adjustment to the Manager's base management fee under the management agreement, to reflect the scope of the services, the quantity of serviced assets or the time required to be devoted to the services by our asset management group.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The base management fee is an arrangement whereby we reimburse our Manager for its actual costs incurred in managing our business based on the parties' agreement in advance on an annual budget with subsequent quarterly true-ups to actual costs. We retain all origination fees on investments.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The incentive fee is measured on an annual basis and is calculated as (1) 25% of the amount by which (a) our funds from operations per share, adjusted for certain gains and losses including gains from the retirement and restructuring of debt and 60% of any loan loss reserve recoveries (spread over a three year period), exceeds (b) the product of (x) 9.5% per annum or the Ten Year U.S. Treasury Rate plus 3.5%, whichever is greater, and (y) the greater of $10.00 or the weighted average of book value of the net assets contributed by our Manager to ARLP per ARLP partnership unit, the offering price per share of our common equity in the private offering on July 1, 2003 and subsequent offerings and the issue price per ARLP partnership unit for subsequent contributions to ARLP, multiplied by (2) the weighted average of our outstanding shares.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The minimum return, or incentive fee hurdle to be reached before an incentive fee is earned, is a percentage applied on a per share basis to the greater of $10.00 or the average gross proceeds per share. In addition, 60% of any loan loss and other reserve recoveries are eligible to be included in the incentive fee calculation, which recoveries are spread over a three year period.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The management agreement also allows us to consider, from time to time, the payment of additional "success-based" fees to our Manager for accomplishing certain specified corporate objectives; has a termination fee of $10.0 million; and is renewable automatically for successive one-year terms, unless terminated with six months prior written notice. If we terminate or elect not to renew the management agreement without cause, we are required to pay the termination fee of $10.0 million.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our Manager is responsible for all costs incident to the performance of its duties under the management agreement, including compensation of its employees, rent for facilities and other "overhead" expenses. We are required to pay our Manager management fees as well as reimburse our Manager for all expenses incurred on our behalf in connection with the raising of capital or the incurrence of debt, interest expenses, taxes and license fees, litigation and extraordinary or non-recurring expenses.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Our Manager, pursuant to the management agreement, and Mr. Kaufman, pursuant to his non-competition agreement, have granted us a right of first refusal to pursue all opportunities identified by them or their affiliates to invest in multifamily and commercial mortgage loans and customized financing transactions, including bridge loans, mezzanine loans, preferred equity investments, note acquisitions and participation interests in owners of real properties (collectively, "Structured Finance Investments") as long as such investment opportunities are consistent with our investment objectives and guidelines and such investments would not adversely affect our status as a REIT. These agreements also provide that our Manager or Mr. Kaufman, as the case may be, may pursue any opportunity in Structured Finance Investments if the opportunity is rejected by both our credit committee and a majority of our independent directors.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Pursuant to the management agreement and Mr. Kaufman's non-competition agreement, we have agreed not to pursue, and to allow our Manager and its affiliates, including Mr. Kaufman, to pursue opportunities to invest in multifamily and commercial mortgage loans that meet the underwriting and approval guidelines of Fannie Mae, Freddie Mac, the Federal Housing Administration and conduit commercial lending programs secured by first liens on real property (collectively, the "Manager Target Investments"). In addition to its exclusive right to pursue Manager Target Investments, our Manager and its affiliates may pursue any other type of investment (except Structured Finance Investments) without our consent.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table sets forth our base management fees and incentive fees for the periods indicated:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Management Fees: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Base(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Incentive(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total management fee</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> For the years ended December 31, 2015, 2014 and 2013, no "success-based" payments were made.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Beginning January 1, 2014, we directly compensate our chief executive officer $1.0 million in annual base compensation as an employee. As such, this compensation is now recorded as employee compensation and benefits, which was previously recorded as part of the base management fee prior to 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In 2007, our Manager received an incentive fee installment totaling $19.0 million which was recorded as a prepaid management fee related to the incentive fee on $77.1 million of deferred revenue recognized on the transfer of control of the 450 West 33</font><font style="display:inline;font-family:Times;font-size:5pt;top:-4pt;position:relative;line-height:100%">rd</font><font style="display:inline;font-family:Times;"> Street property, which is one of our equity affiliates. The $77.1 million gain was deferred as a result of guarantying a portion of the property's indebtedness. In July 2014, the existing debt on the property was refinanced and our portion of the guarantee was terminated, resulting in the recognition of the deferred gain and a $19.0 million prepaid incentive management fee.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Other Related Party Transactions</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Due from related party was $8.1 million and less than $0.1 million at December 31, 2015 and 2014, respectively, and consisted primarily of paydowns to be remitted and escrows held by our Manager and its affiliates related to real estate transactions.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Due to related party was $3.4 million and $2.7 million at December 31, 2015 and 2014, respectively, and consisted primarily of base management fees due to our Manager that we remitted in the following quarter.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In November 2015, we originated a $7.1 million bridge loan on a multifamily property owned by a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman, who together own an interest of approximately 7.5% in the borrowing entity. The loan has an interest rate of LIBOR plus 4.50% with a LIBOR floor of 0.25% and a maturity date of November 2018 with two one-year extension options. Interest income recorded from this loan totaled $0.1 million for the year ended December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In October 2015, we originated two bridge loans totaling $16.7 million secured by multifamily properties acquired by a third party investor. The properties had been owned and were sold by a consortium of investors, consisting of certain of our officers, including Mr. Ivan Kaufman, certain other related parties and certain unaffiliated persons. The loans have an interest rate of LIBOR plus 5.00% with a LIBOR floor of 0.25% and a maturity date of October 2017. Interest income recorded from these loans totaled $0.2 million for the year ended December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In April 2015, we originated a $3.0 million mezzanine loan on a multifamily property that has a $47.0 million first mortgage initially originated by our Manager. The loan bears interest at a fixed rate of 12.5% and has a maturity date of April 2025. Interest income recorded from this loan totaled $0.3 million for the year ended December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In April 2015, we originated a $6.3 million bridge loan on a multifamily property owned by a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman and our Manager, who together own an interest of approximately 90% in the borrowing entity. The loan has an interest rate of LIBOR plus 4.50% with a LIBOR floor of 0.25% and a maturity date of April 2018. Interest income recorded from this loan totaled $0.2 million for the year ended December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In February 2015, we modified an $18.0 million preferred equity investment, increasing our balance to $23.0 million with a fixed interest rate of 10% and a maturity date of February 2018. In order to accomplish the modification, we formed a joint venture with a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman, and other related parties, to invest in an additional $2.0 million preferred equity investment that is generally subordinate to ours. Interest income recorded from this loan totaled $2.3 million for the year ended December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In the first quarter of 2015, we invested $9.6 million for 50% of our Manager's indirect interest in a joint venture with a third party that was formed to invest in a residential mortgage banking business. As a result of this transaction, we had an initial indirect interest of 22.5% in this entity. During the year ended December 31, 2015, we invested $9.7 million through this joint venture in non-qualified residential mortgages purchased from the mortgage banking business's origination platform. We recorded income of $6.6 million from these investments during the year ended December 31, 2015. See Note 5—"Investment in Equity Affiliates" for further details.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the third quarter of 2014, we invested $0.1 million for a 5% interest in a joint venture that owns two multifamily properties. The joint venture consists of a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman, and other related parties, who together own an interest of approximately 95%. In August 2014, we originated two bridge loans totaling $5.0 million to the joint venture with an interest rate of 5.5% over one-month LIBOR and a maturity date extended to March 2016. Interest income recorded from these loans totaled $0.3 million and $0.1 million for the years ended December 31, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In July 2014, we originated a $30.4 million bridge loan for an office property owned by a consortium of investors including Mr. Ivan Kaufman and his affiliates, who together own an interest of approximately 24% in the borrowing entity. The loan has an interest rate of LIBOR plus 7.90% with a LIBOR floor of 0.50% and a maturity date that was extended to January 2017. Interest income recorded from this loan totaled $2.8 million and $1.2 million for the years ended December 31, 2015 and 2014, respectively. In January 2016, we also originated a $4.6 million mezzanine loan to this entity that has a fixed interest rate of 12% and a maturity of January 2017.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In April 2014, we originated a $1.4 million preferred equity investment on a multifamily property that has a $28.5 million first mortgage initially originated by our Manager. The loan bears interest at a fixed rate of 14% and has a maturity date of May 2024. Interest income recorded from this loan totaled $0.2 million for both the years ended December 31, 2015 and 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In March 2014, we originated a bridge loan to a third party borrower for a portfolio of properties with an unpaid principal balance of $70.1 million, of which, $15.0 million was financed with junior loan participations to our Manager. The loan has an interest rate of 6.38% and a maturity date of March 2016. In May 2014, the junior loan participations to our Manager were paid off. The participations had a weighted average interest rate of 7.20% and a maturity date of March 2016. Interest income related to the junior loan participations recorded from this loan totaled $3.8 million for the year ended December 31, 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We had two loans totaling $22.4 million, which were secured by a property purchased in 2011 by a third party borrower from our Manager. In the first quarter 2014, our Manager purchased the property from the prior borrower subject to our loans. In connection with this purchase, our Manager paid down the loans by $2.3 million and we restructured our remaining debt outstanding into a first mortgage of $14.6 million with a maturity date of March 2015 and a second mortgage of $5.1 million with a maturity date of April 2015, both with an interest rate of LIBOR plus 4.80%. The maturity date on both of these loans was extended to April 2016, which we considered to be a troubled debt restructuring. Interest income recorded from these loans totaled $1.1 million, $0.9 million and $1.5 million for the years ended December 31, 2015, 2014 and 2013, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In October 2013, we purchased, at par, a $3.0 million mezzanine loan from our Manager who originated the loan in September 2013 to a third party entity. The loan had a fixed interest rate of 13.00% and a maturity date of October 2018 and was paid off in the third quarter of 2014. Interest income recorded from this loan was $0.3 million and $0.1 million for the years ended December 31, 2014 and 2013, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In June 2013, our Board of Directors formed a special committee consisting of independent directors in connection with the exploration and evaluation of a potential transaction with our Manager involving the acquisition of our Manager's Fannie Mae, DUS, Freddie Mac, FHA and CMBS platforms, as well as the internalization of the management of our current business. There were preliminary discussions between the special committee and representatives of our Manager regarding a potential transaction during the second and third quarters of 2013. In late June of 2014, preliminary discussions regarding a possible transaction resumed and in February 2016, we entered into a definitive agreement to acquire the agency platform of our Manager for $250.0 million. See Note 18—"Subsequent Event" for further details. In connection with evaluating this potential transaction, we incurred advisory fees totaling $3.1 million and $1.4 million during 2015 and 2013, respectively. No such expenses were incurred during 2014.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In April 2013, we originated six bridge loans totaling $53.0 million for a portfolio of multifamily properties owned by a consortium of investors including Mr. Ivan Kaufman and his affiliates and Mr. Fred Weber, our executive vice president of structured finance, who together own an interest of approximately 19% in the borrowing entity. The loans had an interest rate of one-month LIBOR plus 7.25% and a maturity date of April 2015, which were paid off in the fourth quarter of 2013. In November 2013, we originated a new bridge loan for $2.0 million with an interest rate of one-month LIBOR plus 5.50%, which was paid off in the second quarter of 2014. Interest income recorded from these loans totaled $0.1 million and $3.1 million for the years ended December 31, 2014 and 2013, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In April 2013, we also purchased, at par, a $6.4 million bridge loan from our Manager who originated the loan in March 2013 to a third party entity that acquired the property from an entity owned by Mr. Ivan Kaufman and his affiliates and Mr. Fred Weber, who together also provided a $1.1 million preferred equity contribution to the overall transaction. Mr. Ivan Kaufman also provided a $1.0 million personal guaranty on the bridge loan. The bridge loan bore interest at a rate of one-month LIBOR plus 5.00% for the first year then one-month LIBOR plus 6.00% thereafter and had a maturity date of March 2015 with three one year extension options, and was paid off in the second quarter of 2014. Interest income recorded from this loan totaled $0.2 million for both the years ended December 31, 2014 and 2013, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In January 2013, we originated a $7.5 million bridge loan for a multifamily property. William C. Green, who serves on our Board of Directors, holds a 6.6% partnership interest in the borrowing entity and is the chief financial officer of an affiliated entity that is a partner in, and the management company for, the borrowing entity. Mr. Green also provided a $0.4 million personal guaranty on the bridge loan. The loan bore interest at a rate of one-month LIBOR plus 6.00%, had a maturity date of January 2015, and was paid off in the second quarter of 2014. Interest income recorded from this loan totaled $0.2 million and $0.5 million for the years ended December 31, 2014 and 2013, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In December 2011, we completed a restructuring of a $67.6 million preferred equity investment on the Lexford Portfolio ("Lexford"), which is a portfolio of multifamily assets. We, along with a consortium of independent outside investors, made an additional preferred equity investment of $25.0 million in Lexford of which we held a $10.5 million interest, and Mr. Fred Weber, our executive vice president of structured finance, held a $0.5 million interest, which was paid down to $22.5 million in the third quarter of 2013, and then paid off in the fourth quarter of 2013. The original preferred equity investment bore a fixed rate of interest of 2.36%, revised from an original rate of LIBOR plus 5.00% (the loan was paying a modified rate of LIBOR plus 1.65% at the time of the new investment). The original preferred equity investment was paid down during 2014 and 2015 and the remaining balance was paid off in July 2015. The additional preferred equity investment had a fixed interest rate of 12% and a maturity date in June 2020. Interest income recorded from the additional preferred equity investment totaled $1.1 million for the year ended December 31, 2013. We, along with the same outside investors, also made a $0.1 million equity investment into Lexford, of which we held a $44,000 noncontrolling interest, and do not have the power to control the significant activities of the entity. During 2011, we recorded losses from the entity against the equity investment, reducing the balance to zero. In the third and fourth quarters of 2015, we received distributions from this equity investment and recognized income of $4.5 million, net of expenses. The $4.5 million of income is comprised of income from equity affiliates of $5.5 million, partially offset by $1.0 million of expenses related to these distributions that were recorded in employee compensation and benefits. In addition, under the terms of the restructuring, Lexford's first mortgage lender required a change of property manager for the underlying assets. The new management company is an affiliate of Mr. Ivan Kaufman, our chief executive officer, and has a contract with the new entity for 7.5 years and is entitled to 4.75% of gross revenues of the underlying properties, along with the potential to share in the proceeds of a sale or refinancing of the debt should the management company remain engaged by the new entity at the time of such capital event. In 2012, Mr. Fred Weber invested $250,000 in the new management company and currently owns a 23.5% ownership interest. Mr. Ivan Kaufman and his affiliates currently own a 53.9% ownership interest. We have provided limited ("bad boy") guarantees for certain debt controlled by Lexford. The bad boy guarantees may become a liability for us upon standard "bad" acts such as fraud or a material misrepresentation by Lexford or us. At December 31, 2015, this debt had an aggregate outstanding balance of $849.1 million and is scheduled to mature between 2017 and 2025.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Interest income recorded from additional loans originated in 2012 or prior years with our affiliates totaled $0.3 million, $1.5 million and $2.2 million for the years ended December 31, 2015, 2014 and 2013, respectively.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In January 2016, we originated a $12.7 million bridge loan and a $5.2 million preferred equity investment on two multifamily properties owned by a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman, who together own an interest of approximately 50% in the borrowing entity. The bridge loan has an interest rate of one-month LIBOR plus 4.50% with a LIBOR floor of 0.25% and a maturity date of January 2019. The preferred equity investment has a fixed interest rate of 10% and a maturity date of April 2016.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In January 2016, we originated a $19.0 million bridge loan on a multifamily property owned by a consortium of investors consisting of certain of our officers, including Mr. Ivan Kaufman, who together own an interest of approximately 7.5% in the borrowing entity. The loan has an interest rate of one-month LIBOR plus 4.50% with a LIBOR floor of 0.25% and a maturity date of January 2019.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We are dependent upon our Manager with whom we have a conflict of interest, to provide services to us that are vital to our operations. Our chairman, chief executive officer and president, Mr. Ivan Kaufman, is also the chief executive officer and president of our Manager, and, our chief financial officer and treasurer, Mr. Paul Elenio, is the chief financial officer of our Manager. In addition, Mr. Kaufman and his affiliated entities ("the Kaufman Entities") together beneficially own approximately 92% of the outstanding membership interests of our Manager and certain of our employees and directors also hold an ownership interest in our Manager. Furthermore, one of our former directors is general counsel to our Manager and another of our directors also serves as the trustee of one of the Kaufman Entities that holds a majority of the outstanding membership interests in our Manager and co-trustee of another Kaufman Entity that owns an equity interest in our Manager. Our Manager currently holds approximately 5.3 million of our common shares, representing approximately 10.5% of the voting power of our outstanding stock as of December 31, 2015. Our Board of Directors approved a resolution under our charter allowing Ivan Kaufman and our Manager, (which Mr. Kaufman has a controlling equity interest in), to own more than the 5% ownership interest limit of our common stock as stated in our charter as amended.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
205482156
382019058
636939891
2300000
22900000
87000000
22766647
10300000
30984357
167154040
307482803
312071055
218100529
5232226
64771797
69412808
59245183
7284919
1700000
139416831
66530102
216405894
3000000
48301244
6438304
11418227
25135492
1600000
50000000
42992023
46695819
-152483322
-136118001
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Revenue Recognition</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Interest income</font><font style="display:inline;font-family:Times;font-size:10pt;">—Interest income is recognized on the accrual basis as it is earned from loans, investments and securities. In certain instances, the borrower pays an additional amount of interest at the time the loan is closed, an origination fee, a prepayment fee and/or deferred interest upon maturity. In some cases, interest income may also include the amortization or accretion of premiums and discounts arising from the purchase or origination of the loan or security. This additional income, net of any direct loan origination costs incurred, is deferred and accreted into interest income on an effective yield or "interest" method adjusted for actual prepayment activity over the life of the related loan or security as a yield adjustment. Income recognition is suspended for loans when, in the opinion of management, a full recovery of all contractual principal is not probable. Income recognition is resumed when the loan becomes contractually current and performance is resumed. We record interest income on certain impaired loans to the extent cash is received, as the borrower continues to make interest payments. We record loan loss reserves related to these loans when it is deemed that full recovery of principal and accrued interest is not probable.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Several of our loans provide for accrual of interest at specified rates, which differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the asset. If management cannot make this determination, interest income above the current pay rate is recognized only upon actual receipt.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Given the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve, based on contractual requirements, to cover debt service costs. We will analyze these interest reserves on a periodic basis and determine if any additional interest reserves are needed. Recognition of income on loans with funded interest reserves are accounted for in the same manner as loans without funded interest reserves. We will not recognize any interest income on loans in which the borrower has failed to make the contractual interest payment due or has not replenished the interest reserve account. Income from non-performing loans is generally recognized on a cash basis only to the extent it is received. Full income recognition will resume when the loan becomes contractually current and performance has recommenced.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Additionally, interest income is recorded when earned from equity participation interests, referred to as equity kickers. These equity kickers have the potential to generate additional revenues to us as a result of excess cash flow distributions and/or as appreciated properties are sold or refinanced.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Property operating income</font><font style="display:inline;font-family:Times;font-size:10pt;">—Property operating income represents income associated with the operations of commercial real estate properties classified as real estate owned. We recognize revenue for these activities when the fees are fixed or determinable, or are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Other income, net</font><font style="display:inline;font-family:Times;font-size:10pt;">—Other income, net represents loan structuring, modification, defeasance, and miscellaneous asset management fees associated with our loan and investment portfolio as well as net interest income and gains and losses recorded on linked transactions. We recognize these forms of income when the fees are fixed or determinable, are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our securities classified as available-for-sale at December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cumulative</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gain</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Federal Home Loan Mortgage Corporation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our securities classified as available-for-sale at December 31, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cumulative</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Loss) / Gain</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value /</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Commercial mortgage-backed security (CMBS)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>440,920
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,709
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,158,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>340,920
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,499,709
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior loan participation, secured by our interest in a first mortgage loan with a principal balance of $1.3 million, participation interest was based on a portion of the interest received from the loan which had a fixed rate of 9.57%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total note payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million warehouse repurchase facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,270,774
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,610,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,641,504
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.70
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$100 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,582,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,328,863
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.62
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,520,637
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,324,890
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128,593,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.45
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,852,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,766,445
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,470,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.59
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,975,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,859,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.45
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,890,563
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,866,116
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,422,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.20
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$25 million warehousing credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,120,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,114,494
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.46
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$16.5 million term credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,431,870
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.22
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$15 million term credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,996,242
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total credit facilities and repurchase agreements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>216,061,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,386,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,046,999
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>232,015,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.84
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings and the corresponding collateral under our CDOs as of December 31, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
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<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
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<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">At-Risk(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CDO I</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,972,159
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,299,282
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>222,903,486
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>174,460,160
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,232,226
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>180,691,292
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CDO II</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,906,092
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,449,741
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>192,522,685
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143,824,571
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,412,808
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106,139,494
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CDO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>144,192,804
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152,470,455
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>202,758,120
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>171,457,394
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,771,797
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>147,049,346
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total CDOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>312,071,055
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>331,219,478
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>618,184,291
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>489,742,125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139,416,831
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,880,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Amounts include loans to real estate assets consolidated by us that were reclassified to real estate owned and held-for-sale, net on the consolidated financial statements.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents restricted cash held for principal repayments in the CDOs. Does not include restricted cash related to interest payments, delayed fundings and expenses.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Amounts represent the face value of collateral in default, as defined by the CDO indenture, as well as assets deemed to be "credit risk." Credit risk assets are reported by each of the CDOs and are generally defined as one that, in the CDO collateral manager's reasonable business judgment, has a significant risk of declining in credit quality or, with a passage of time, becoming a defaulted asset.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings and the corresponding collateral under our CLOs as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">At-Risk(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,129,518
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>339,019,221
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>338,034,689
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,135,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,985,420
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>288,581,773
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>287,946,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,418,227
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>263,784,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>343,561,696
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>342,988,734
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,438,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>971,162,690
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>968,970,064
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,992,023
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table outlines borrowings and the corresponding collateral under our CLOs as of December 31, 2014:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">At-Risk(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO II</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>177,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,351,084
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>252,353,210
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>251,658,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,284,919
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,750,577
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>315,390,280
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>313,932,084
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,245,183
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>458,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>453,101,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>567,743,490
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>565,590,490
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,530,102
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents restricted cash held for principal repayments as well as for reinvestment in the CLOs. Does not include restricted cash related to interest payments, delayed fundings and expenses.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Amounts represent the face value of collateral in default, as defined by the CLO indenture, as well as assets deemed to be "credit risk." Credit risk assets are reported by each of the CLOs and are generally defined as one that, in the CLO collateral manager's reasonable business judgment, has a significant risk of declining in credit quality or, with a passage of time, becoming a defaulted asset.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Expenses not currently deductible</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,441,408
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,541,807
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net operating and capital loss carryforwards</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,714,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,279,854
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax assets, gross</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,155,983
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,821,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,320,476
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,742,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax assets, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Deferred tax liability:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest in equity affiliates—net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,079,375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following tables present the effect of our derivative financial instruments on the statements of income (in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Other</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Comprehensive Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Effective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Reclassified from</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Accumulated Other</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Comprehensive Loss into</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Expense</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Effective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Reclassified</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">from Accumulated</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other Comprehensive</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss into Loss on</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Termination of Swaps</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Ineffective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation\Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps / Caps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>520
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,149
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,654
</td>
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</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Loss on</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Termination of Swaps</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Ineffective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Interest Expense</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(Ineffective Portion)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount of Loss</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Recognized</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">in Other Income</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For the Year Ended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation\Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Basis Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Non-Qualifying</font></p>
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Forward Contracts</font></p>
</td>
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<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
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<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;">—</font></p>
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<font style="display:inline;font-family:Times;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(45
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of the derivative financial instruments held by us (dollars in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation\Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Expiration</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Sheet</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Basis Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Non-Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR Cap</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,701
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR Caps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,821
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250,321
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2016 - 2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,669
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13,908
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table presents dividends declared (on a per share basis) for the year ended December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Common Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="10" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Preferred Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series A</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series B</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series C</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">February 11, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">February 2, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">April 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">April 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">July 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">July 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">November 4, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">November 2, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred Stock—The dividend declared on February 2, 2015 was for the period December 1, 2014 through February 28, 2015. The dividend declared on April 29, 2015 was for the period March 1, 2015 through May 31, 2015. The dividend declared on July 29, 2015 was for the period June 1, 2015 through August 31, 2015. The dividend declared on November 2, 2015 was for the period September 1, 2015 through November 30, 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="17" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income attributable to common stockholders(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,667,955
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,667,955
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Weighted average number of common shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,399,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,399,872
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Dilutive effect of restricted stock units(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149,578
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Dilutive effect of warrants(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,696
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>435,272
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Weighted average number of common shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,007,328
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,368,344
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,399,872
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,835,144
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.71
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.70
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.39
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.39
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net of preferred stock dividends and noncontrolling interest.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Mr. Kaufman was granted restricted stock units which vest at the end of a four-year performance period based upon our achievement of total stockholder return objectives. See Note 12—"Equity" for further details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">On July 1, 2014, we acquired and canceled all of our warrants. See Note 12—"Equity" for further details.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">U.S. federal statutory rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">REIT non-taxable income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(35.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">State and local income taxes, net of federal tax benefit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Change in valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Effective income tax rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The fair value of these financial assets and liabilities was determined using the following input levels as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,878,213
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,140,346
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,632,167
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,282,028
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,917,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,254,484
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,278,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,486,343
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,001,688
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,338,403
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,057,772
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,669,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate and income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,793,660
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,056,427
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,853,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,098,910
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain on acceleration of deferred income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,162,720
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,009,162
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loss on termination of swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(340,197
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,289,450
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,799,657
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,984,364
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,317,339
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,353,239
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,534,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,095,913
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,910,656
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,232,189
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,387,070
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,898,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,022,226
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,343,759
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,498,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,010,469
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Basic earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Diluted earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,898,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,323,926
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,269,832
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,320,477
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,056,465
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,962,195
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,151,570
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,116,484
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,859,256
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,819,835
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,958,639
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,011,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income before gain on sale of equity interests, incentive management fee, gain (loss) on sale of real estate and income (loss) from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,095,860
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,466,286
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,462,763
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,425,643
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain on sale of equity interests</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>819,067
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>77,123,133
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,851,266
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Incentive management fee—equity interest—related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,047,949
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Gain (loss) on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,803,512
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(199,749
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Income (loss) from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,287
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(51,170
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,493
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,048
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,937,726
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65,290,551
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,354,522
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,465,691
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,465
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,590,930
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,049,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,402,121
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,466,057
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,874,761
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Basic earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.26
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.23
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Diluted earnings per common share(1):</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.26
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.23
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">The total for the year may differ from the sum of the quarters as a result of weighting.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following is a summary of our variable interests in identified VIEs, of which we are not the primary beneficiary, as of December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amount(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maximum</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Exposure to</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,324,649
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,324,649
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Junior subordinated notes(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Equity investment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>346,454,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>346,454,465
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Represents the carrying amount of loans and investments before reserves. At December 31, 2015, $152.3 million of loans to VIEs had corresponding loan loss reserves of $80.6 million. See Note 3—"Loans and Investments" for further details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Our maximum exposure to loss as of December 31, 2015 would not exceed the carrying amount of its investment.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">It is not appropriate to consolidate these entities as equity interests are variable interests only to the extent that the investment is considered to be at risk. Since our investments were funded by the entities that issued the junior subordinated notes, it is not considered to be at risk.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
331219478
75299282
152470455
103449741
277750577
175351084
312071055
331219478
331219478
453101661
240541397
331219478
219000000
267800000
263784723
215985420
279129518
758899661
0
50200000
10603247
9600139
12525817
93036503
97860025
93036503
95902825
93764994
97860025
93764994
96294265
96294265
1600142
1989439
3442683
P4Y
0.33
0.33
0.33
0.33
0.33
0.33
0.33
0.33
667
916
45333
82500
192750
110666
138584
445765
212241
154169
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Stock-Based Compensation</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We have granted certain of our employees, directors, and employees of our Manager, stock awards consisting of shares of our common stock that vest immediately or annually over a multi-year period, subject to the recipient's continued service to us. We record stock-based compensation expense at the grant date fair value of the related stock-based award with subsequent remeasurement for any unvested shares granted to non-employees with such amounts expensed against earnings, at the grant date (for the portion that vests immediately) or ratably over the respective vesting periods. Dividends are paid on restricted stock as dividends are paid on shares of our common stock whether or not they are vested. Stock-based compensation is disclosed in our consolidated statements of income under "employee compensation and benefits" for employees and under "selling and administrative" expense for non-employees.</font>
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6.95
31249225
49136308
2811500
50477308
3711500
50962516
3711500
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 2—Summary of Significant Accounting Policies</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Basis of Presentation and Principles of Consolidation</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The accompanying consolidated financial statements include our financial statements, our wholly owned subsidiaries, and partnerships or other joint ventures in which we own a voting interest of greater than 50 percent, and variable interest entities ("VIEs") of which we are the primary beneficiary. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated by its primary beneficiary, which is the party that (i) has the power to control the activities that most significantly impact the VIE's economic performance and (ii) has the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Current accounting guidance requires us to present a) assets of a consolidated VIE that can be used only to settle obligations of the consolidated VIE, and b) liabilities of a consolidated VIE for which creditors (or beneficial interest holders) do not have recourse to the general credit of the primary beneficiary. As a result of this guidance, we have separately disclosed parenthetically the assets and liabilities of our CLO and CDO subsidiaries on our consolidated balance sheets. Entities in which we have a significant influence are accounted for primarily under the equity method. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All significant inter-company transactions and balances have been eliminated in consolidation.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally acceptable in the U.S. ("GAAP") requires management to make estimates and assumptions that could materially affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Further, in connection with preparation of the consolidated financial statements, we evaluated events subsequent to the balance sheet date of December 31, 2015 through the issuance of the consolidated financial statements.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Certain prior year amounts have been reclassified to conform to current period presentation. In the fourth quarter of 2015, we early adopted accounting guidance which reclassifies deferred debt issuance costs from other assets to the related liabilities. As a result of adopting this new guidance, we reclassified deferred financing costs totaling $17.4 million and $13.9 million from other assets to our debt facilities for the years ended December 31, 2015 and 2014, respectively.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> In past years, we repurchased shares of our common stock pursuant to a share repurchase program authorized by our Board of Directors. These repurchased shares are subject to state corporate laws that establish the legal status of redeemed shares and prevent them from being reported as treasury shares within the consolidated financial statements. We previously misclassified the repurchased shares as treasury stock. These share repurchases should have been classified as reductions of common stock and additional paid-in capital. The accompanying consolidated balance sheets and consolidated statements of changes in equity have been restated for all periods presented to correct the misclassification. The correction results in reductions in common stock and additional paid-in capital of $26,507 and $17.1 million, respectively, for all periods presented. The reclassification has no impact on any other amounts included in our previously reported consolidated financial statements.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Cash and Cash Equivalents</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. We place our cash and cash equivalents in high quality financial institutions. The consolidated account balances at each institution periodically exceed Federal Deposit Insurance Corporation (FDIC) insurance coverage and we believe that this risk is not significant.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Restricted Cash</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Restricted cash primarily represents proceeds from loan repayments on deposit with the trustees for our CLOs which will be used for principal repayments, unfunded loan commitments and interest payments received from loans. See Note 7—"Debt Obligations." Restricted cash is also held by our real estate owned assets due to escrow requirements.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Loans, Investments and Securities</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for loan losses when such loan or investment is deemed to be impaired. We invest in preferred equity interests that, in some cases, allow us to participate in a percentage of the underlying property's cash flows from operations and proceeds from a sale or refinancing. At the inception of each such investment, management must determine whether such investment should be accounted for as a loan, equity interest or as real estate. To date, management has determined that all such investments are properly accounted for and reported as loans.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> From time to time, we may enter into an agreement to sell a loan. These loans are considered held-for-sale and are valued at the lower of the loan's carrying amount or fair value less costs to sell. For the sale of loans, recognition occurs when ownership passes to the buyer.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> At the time of purchase, we designate a security as available-for-sale, held-to-maturity, or trading depending on our ability and intent to hold it to maturity. We do not have any securities designated as held-to-maturity or trading as of December 31, 2015. Securities available-for-sale are reported at fair value with the net unrealized gains or losses reported as a component of accumulated other comprehensive loss. Unrealized losses that are determined to be other-than-temporary are recognized in earnings up to their credit component. The determination of other-than-temporary impairment is a subjective process requiring judgments and assumptions and is not necessarily intended to indicate a permanent decline in value. The process may include, but is not limited to, assessment of recent market events and prospects for near-term recovery, assessment of cash flows, internal review of the underlying assets securing the investments, credit of the issuer and the rating of the security, as well as our ability and intent to hold the investment to maturity. Management closely monitors market conditions on which it bases such decisions.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Impaired Loans, Allowance for Loan Losses and Charge-offs</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We consider a loan impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. We evaluate each loan in our portfolio on a quarterly basis. Our loans are individually specific and unique as it relates to product type, geographic location, and collateral type, as well as to the rights and remedies and the position in the capital structure our loans and investments have in relation to the underlying collateral. We evaluate all of this information as well as general market trends related to specific classes of assets, collateral type and geographic locations, when determining the appropriate assumptions such as capitalization and market discount rates, as well as the borrower's operating income and cash flows, in estimating the value of the underlying collateral when determining if a loan is impaired. We utilize internally developed valuation models and techniques primarily consisting of discounted cash flow and direct capitalization models in determining the fair value of the underlying collateral on an individual loan. We may also obtain a third party appraisal, which may value the collateral through an "as-is" or "stabilized value" methodology. Such appraisals may be used as an additional source of valuation information only and no adjustments are made to appraisals.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> If upon completion of the valuation, the fair value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, an allowance is created with a corresponding charge to the provision for loan losses. The allowance for each loan is maintained at a level that we believe to be adequate to absorb probable losses.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Loan terms may be modified if we determine that based on the individual circumstances of a loan and the underlying collateral, a modification would more likely increase the total recovery of the combined principal and interest from the loan. Any loan modification is predicated upon a goal of maximizing the collection of the loan. Typical triggers for a modification would include situations where the projected cash flow is insufficient to cover required debt service, when asset performance is lagging the initial projections, where there is a requirement for rebalancing, where there is an impending maturity of the loan, and where there is an actual loan default. Loan terms that have been modified have included, but are not limited to interest rate, maturity date and in certain cases, principal amount. Length and amounts of each modification have varied based on individual circumstances and are determined on a case by case basis. If the loan modification constitutes a concession whereas we do not receive ample consideration in return for the modification, and the borrower is experiencing financial difficulties and cannot repay the loan under the current terms, then the modification is considered by us to be a troubled debt restructuring. If we receive a benefit, either monetary or strategic, and the above criteria are not met, the modification is not considered to be a troubled debt restructuring. We record interest on modified loans on an accrual basis to the extent that the modified loan is contractually current.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Charge-offs to the allowance for loan losses occur when losses are confirmed through the receipt of cash or other consideration from the completion of a sale; when a modification or restructuring takes place in which we grant a concession to a borrower or agree to a discount in full or partial satisfaction of the loan; when we take ownership and control of the underlying collateral in full satisfaction of the loan; when loans are reclassified as other investments; or when significant collection efforts have ceased and it is highly likely that a loss has been realized.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Loss on restructured loans is recorded when we have granted a concession to the borrower in the form of principal forgiveness related to the payoff or the substitution or addition of a new debtor for the original borrower or when we incur costs on behalf of the borrower related to the modification, payoff or the substitution or addition of a new debtor for the original borrower. When a loan is restructured, we record our investment at net realizable value, taking into account the cost of all concessions at the date of restructuring. The reduction in the recorded investment is recorded as a separate line on the consolidated statements of income in the period in which the loan is restructured. In addition, a gain or loss may be recorded upon the sale of a loan to a third party in the consolidated statements of income in the period in which the loan was sold.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Real Estate Owned and Held-For-Sale</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate owned, shown net of accumulated depreciation and impairment charges, is comprised of real property acquired by foreclosure or through partial or full settlement of mortgage debt. Real estate acquired is recorded at its estimated fair value at the time of acquisition.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Costs incurred in connection with the foreclosure of the properties collateralizing the real estate loans are expensed as incurred and costs subsequently incurred to extend the life or improve the assets subsequent to foreclosure are capitalized.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We allocate the purchase price of our operating properties to land, building, tenant improvements, deferred lease costs for the origination of the in-place leases, intangibles for the value of the above or below market leases at fair value and to any other identified intangible assets or liabilities. We finalize our purchase price allocation on these assets within one year of the acquisition date. We amortize the value allocated to the in-place leases over the remaining lease term, which is reported in depreciation and amortization expense on our consolidated statements of income. The value allocated to the above or below market leases are amortized over the remaining lease term as an adjustment to rental income.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate assets are depreciated using the straight-line method over their estimated useful lives. Ordinary repairs and maintenance which are not reimbursed by the tenants are expensed as incurred. Major replacements and betterments which improve or extend the life of the asset are capitalized and depreciated over their estimated useful life.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Our properties are individually reviewed for impairment each quarter, if events or circumstances change indicating that the carrying amount of the assets may not be recoverable. We recognize impairment if the undiscounted estimated cash flows to be generated by the assets are less than the carrying amount of those assets. Measurement of impairment is based upon the estimated fair value of the asset. In the evaluation of a property for impairment, many factors are considered, including estimated current and expected operating cash flows from the property during the projected holding period, costs necessary to extend the life or improve the asset, expected capitalization rates, projected stabilized net operating income, selling costs, and the ability to hold and dispose of such real estate owned in the ordinary course of business. Impairment charges may be necessary in the event discount rates, capitalization rates, lease-up periods, future economic conditions, and other relevant factors vary significantly from those assumed in valuing the property.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate is classified as held-for-sale when management commits to a plan of sale, the asset is available for immediate sale, there is an active program to locate a buyer, and it is probable the sale will be completed within one year. Real estate assets that are expected to be disposed of are valued, on an individual asset basis, at the lower of their carrying amount or their fair value less costs to sell.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We recognize sales of real estate properties upon closing. Payments received from purchasers prior to closing are recorded as deposits. Gain on real estate sold is recognized using the full accrual method when the collectability of the sale price is reasonably assured and we are not obligated to perform significant activities after the sale. A gain may be deferred in whole or in part until collectability of the sales price is reasonably assured and the earnings process is complete.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Revenue Recognition</font>
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<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Interest income</font><font style="display:inline;font-family:Times;font-size:10pt;">—Interest income is recognized on the accrual basis as it is earned from loans, investments and securities. In certain instances, the borrower pays an additional amount of interest at the time the loan is closed, an origination fee, a prepayment fee and/or deferred interest upon maturity. In some cases, interest income may also include the amortization or accretion of premiums and discounts arising from the purchase or origination of the loan or security. This additional income, net of any direct loan origination costs incurred, is deferred and accreted into interest income on an effective yield or "interest" method adjusted for actual prepayment activity over the life of the related loan or security as a yield adjustment. Income recognition is suspended for loans when, in the opinion of management, a full recovery of all contractual principal is not probable. Income recognition is resumed when the loan becomes contractually current and performance is resumed. We record interest income on certain impaired loans to the extent cash is received, as the borrower continues to make interest payments. We record loan loss reserves related to these loans when it is deemed that full recovery of principal and accrued interest is not probable.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Several of our loans provide for accrual of interest at specified rates, which differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the asset. If management cannot make this determination, interest income above the current pay rate is recognized only upon actual receipt.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Given the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve, based on contractual requirements, to cover debt service costs. We will analyze these interest reserves on a periodic basis and determine if any additional interest reserves are needed. Recognition of income on loans with funded interest reserves are accounted for in the same manner as loans without funded interest reserves. We will not recognize any interest income on loans in which the borrower has failed to make the contractual interest payment due or has not replenished the interest reserve account. Income from non-performing loans is generally recognized on a cash basis only to the extent it is received. Full income recognition will resume when the loan becomes contractually current and performance has recommenced.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Additionally, interest income is recorded when earned from equity participation interests, referred to as equity kickers. These equity kickers have the potential to generate additional revenues to us as a result of excess cash flow distributions and/or as appreciated properties are sold or refinanced.</font>
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<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Property operating income</font><font style="display:inline;font-family:Times;font-size:10pt;">—Property operating income represents income associated with the operations of commercial real estate properties classified as real estate owned. We recognize revenue for these activities when the fees are fixed or determinable, or are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
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<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Other income, net</font><font style="display:inline;font-family:Times;font-size:10pt;">—Other income, net represents loan structuring, modification, defeasance, and miscellaneous asset management fees associated with our loan and investment portfolio as well as net interest income and gains and losses recorded on linked transactions. We recognize these forms of income when the fees are fixed or determinable, are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Investments in Equity Affiliates</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We invest in joint ventures that are formed to acquire, develop and/or sell real estate assets. These joint ventures are not majority owned or controlled by us, or are VIEs for which we are not the primary beneficiary, and are not consolidated in our financial statements. These investments are recorded under either the equity or cost method of accounting as deemed appropriate. We record our share of the net income and losses from the underlying properties of our equity method investments and any other-than-temporary impairment on these investments on a single line item in the consolidated statements of income as income or losses from equity affiliates.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Stock-Based Compensation</font>
</p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We have granted certain of our employees, directors, and employees of our Manager, stock awards consisting of shares of our common stock that vest immediately or annually over a multi-year period, subject to the recipient's continued service to us. We record stock-based compensation expense at the grant date fair value of the related stock-based award with subsequent remeasurement for any unvested shares granted to non-employees with such amounts expensed against earnings, at the grant date (for the portion that vests immediately) or ratably over the respective vesting periods. Dividends are paid on restricted stock as dividends are paid on shares of our common stock whether or not they are vested. Stock-based compensation is disclosed in our consolidated statements of income under "employee compensation and benefits" for employees and under "selling and administrative" expense for non-employees.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Income Taxes</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We organize and conduct our operations to qualify as a REIT and to comply with the provisions of the Internal Revenue Code with respect thereto. A REIT is generally not subject to federal income tax on its REIT-taxable income that it distributes to its stockholders, provided that it distributes at least 90% of its REIT-taxable income and meets certain other requirements. Certain REIT income may be subject to state and local income taxes. Certain of our assets or operations that would not otherwise comply with the REIT requirements are owned or conducted by our taxable REIT subsidiaries ("TRS"), the income of which is subject to federal and state income taxes.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using current tax rates. The deferred tax assets and liabilities of the TRSs relate primarily to expenses not currently deductible and net operating and capital loss carryforwards. A valuation allowance for deferred tax assets is provided if we believe it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of certain deferred tax assets is dependent on the TRSs generating sufficient taxable income in future periods or employing certain tax planning strategies to realize such deferred tax assets.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We periodically evaluate tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. We report interest and penalties related to tax uncertainties as a component of the income tax provision.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Other Comprehensive Income</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We divide comprehensive income or loss into net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on available-for-sale securities. In addition, to the extent our derivative instruments qualify as hedges, net unrealized gains or losses are reported as a component of accumulated other comprehensive income (loss).</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Earnings Per Share</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We present both basic and diluted earnings per share ("EPS"). Basic EPS excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS amount.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Hedging Activities and Derivatives</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We recognize all derivatives as either assets or liabilities at fair value and these amounts are recorded in other assets or other liabilities on the consolidated balance sheets. Additionally, the fair value adjustments will affect either accumulated other comprehensive income until the hedged item is recognized in earnings, or net income depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity. We use derivatives for hedging purposes rather than speculation. Fair values are approximated based on current market data received from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles and reasonable estimates about relevant future market conditions.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. We may enter into derivative contracts that are intended to economically hedge certain of our risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. The ineffective portion of a derivative's change in fair value is recognized immediately in earnings.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with our interest rate risk management, we periodically hedge a portion of our interest rate risk by entering into derivative financial instrument contracts. Specifically, our derivative financial instruments are used to manage differences in the amount, timing, and duration of our expected cash receipts and our expected cash payments principally related to our investments and borrowings. Our objectives in using interest rate derivatives are to add stability to interest income and to manage our exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps as part of our 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 us making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. We have entered into various interest rate swap agreements in the past to hedge our exposure to interest rate risk on (i) variable rate borrowings as it relates to fixed rate loans; (ii) the difference between the CDO investor return being based on the three-month LIBOR index while the supporting assets of the CDO are based on the one-month LIBOR index; and (iii) use of LIBOR rate caps in loan agreements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the normal course of business, we may use a variety of derivative financial instruments to manage, or hedge, interest rate risk. We do not use derivatives for trading or speculative purposes. These derivative financial instruments must be effective in reducing our interest rate risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative instrument matures or is settled. Any derivative instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in net income. In cases where a derivative financial instrument is terminated early, any gain or loss is generally amortized over the remaining life of the hedged item.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In certain circumstances, we have financed the purchase of Residential Mortgage Backed Securities ("RMBS") investments through a repurchase agreement with the same counterparty, which qualified as a linked transaction. If both transactions were entered into contemporaneously or in contemplation of each other, the transactions were presumed to be linked transactions unless certain criteria were met, and we accounted for the purchase of such securities and the repurchase agreement on a combined basis as a forward contract derivative at fair value which was reported in other assets on the consolidated balance sheets. Linked transactions were not designated as hedging instruments and, as a result, the change in the fair value and net interest income from linked transactions was reported in other income on the consolidated statements of income. The analysis of transactions under these rules required management's judgment and experience. The fair value of linked transactions reflected the value of the underlying RMBS, linked repurchase agreement borrowings and accrued interest receivable/payable on such instruments.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have no master netting or similar arrangements and do not offset derivatives.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Variable Interest Entities</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have evaluated our loans and investments, mortgage related securities, investments in equity affiliates, junior subordinated notes and CLOs, in order to determine if they qualify as VIEs or as variable interests in VIEs. This evaluation resulted in our determining that our bridge loans, junior participation loans, mezzanine loans, preferred equity investments, investments in equity affiliates, junior subordinated notes, CLOs, and investments in debt securities were potential VIEs or variable interests in VIEs. See Note 9—"Variable Interest Entities" for our evaluation.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Recently Issued Accounting Pronouncements</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2016, the Financial Accounting Standards Board ("FASB") amended its guidance on the recognition and measurement of financial assets and liabilities. The guidance is effective for the first quarter of 2018 and we are currently evaluating the impact it may have on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In September 2015, the FASB amended its guidance on measurement-period adjustments arising from business combinations. The guidance is effective for the first quarter of 2016 and we do not expect it to have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In April 2015, the FASB amended its guidance on the balance sheet presentation of debt issuance costs. The guidance is effective for the first quarter of 2016. We early adopted this guidance in the fourth quarter of 2015 and it did not have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2015, the FASB amended its guidance on the consolidation analysis of variable interest entities. The guidance is effective for the first quarter of 2016 and we do not expect it to have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2015, the FASB eliminated the concept of extraordinary items and thus the requirement to assess whether an event or transaction requires extraordinary classification on the financial statements. The guidance is effective for the first quarter of 2016. We early adopted this new guidance in the first quarter of 2015 and it did not have a material effect on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In April 2014, the FASB issued updated guidance that changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. As a result of this new guidance, future dispositions of real estate owned assets may no longer meet the criteria to be considered as discontinued operations. The guidance was effective prospectively as of the first quarter of 2015, with early adoption permitted for new disposals or new classifications as held-for-sale. We early adopted this new guidance in the first quarter of 2014.</font>
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<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
231261122
-39561700
476136813
312493
1931773
229329349
-207558257
437596282
-25237253
606918836
491363
437596282
67654655
-212231319
535455471
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612806365
504773
535455471
89295905
-152483322
565090775
-4840950
616244196
509625
565090775
89295905
-136118001
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Note 12—Equity</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Preferred Stock</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In February 2014, we completed an underwritten public offering of 900,000 shares of 8.50% Series C cumulative redeemable preferred stock with a liquidation preference of $25.00 per share, generating net proceeds of $21.6 million after deducting the underwriting discount and other offering expenses.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The Series A, B and C preferred stock may not be redeemed by us before February 2018, May 2018 and February 2019, respectively.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Common Stock</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In February 2014, we entered into an "At-The-Market" ("ATM") equity offering sales agreement with JMP Securities LLC ("JMP") whereby, in accordance with the terms of the agreement, from time to time we may issue and sell through JMP up to 7,500,000 shares of our common stock. Sales of the shares are made by means of ordinary brokers' transactions or otherwise at market prices prevailing at the time of sale, or at negotiated prices. During the year ended December 31, 2014, we sold 1,000,000 shares for net proceeds of $6.5 million. As of December 31, 2015, 6,500,000 shares are available for sale under this offering.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We used the net proceeds from our preferred and common offerings to make investments, to repurchase or pay liabilities and for general corporate purposes.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of February 26, 2016, we have $330.4 million available under our $500.0 million shelf registration statement that was declared effective by the SEC in August 2013.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Distributions</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table presents dividends declared (on a per share basis) for the year ended December 31, 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Common Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="10" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Preferred Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series A</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series B</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series C</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">February 11, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">February 2, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">April 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">April 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">July 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">July 29, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">November 4, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">November 2, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Preferred Stock—The dividend declared on February 2, 2015 was for the period December 1, 2014 through February 28, 2015. The dividend declared on April 29, 2015 was for the period March 1, 2015 through May 31, 2015. The dividend declared on July 29, 2015 was for the period June 1, 2015 through August 31, 2015. The dividend declared on November 2, 2015 was for the period September 1, 2015 through November 30, 2015.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> Common Stock</font><font style="display:inline;font-family:Times;">—On February 24, 2016, the Board of Directors declared a cash dividend of $0.15 per share of common stock. The dividend is payable on March 15, 2016 to common stockholders of record as the close of business on March 10, 2016.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;"> Preferred Stock</font><font style="display:inline;font-family:Times;">—On February 1, 2016, the Board of Directors declared a cash dividend of $0.515625 per share of 8.25% Series A preferred stock; a cash dividend of $0.484375 per share of 7.75% Series B preferred stock; and a cash dividend of $0.53125 per share of 8.50% Series C preferred stock. These amounts reflect dividends from December 1, 2015 through February 29, 2016 and are payable on February 29, 2016 to preferred stockholders of record on February 15, 2016.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We declared and paid distributions of $14,459, $14,698 and $14,500 for the years ended December 31, 2015, 2014 and 2013, respectively, representing the 12.5% return on the preferred shares issued to third parties by our subsidiary REIT.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We must currently distribute at least 90% of our taxable income in order to qualify as a REIT and must distribute 100% of our taxable income in order not to be subject to corporate federal income taxes on retained income. We anticipate we will distribute all of our taxable income to our stockholders. Because taxable income differs from cash flow from operations due to non-cash revenues or expenses (such as depreciation or provision for loan losses), in certain circumstances, we may generate operating cash flow in excess of our distributions or, alternatively, may be required to borrow to make sufficient distribution payments. We were in compliance with all REIT requirements as of December 31, 2015, 2014 and 2013.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> The following table presents the tax treatment for dividends paid by us on our common and preferred stock for the years presented:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="20" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">For Tax Purposes</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="3" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" rowspan="3" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Classified</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">as Return of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Capital</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend Classified as</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Ordinary Income</font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Capital Gain</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Distribution</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividends</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid(1)</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Qualified</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Income(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Paid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Per Share</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;">Common Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,495
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.520
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.520
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,327
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"></font><font style="display:inline;font-family:Times;font-weight:bold;">8.25% Series A Preferred Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.063
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,667
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.719
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.719
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"></font><font style="display:inline;font-family:Times;font-weight:bold;">7.75% Series B Preferred Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,441
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,441
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.938
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2013</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,370
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.087
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.087
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="16" valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"></font><font style="display:inline;font-family:Times;font-weight:bold;">8.50% Series C Preferred Stock:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<br /><font style="display:inline;font-family:Times;font-size:12pt;"></font><font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,913
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.617
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.617
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">2014 is the initial year for the Series C preferred stock dividend.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Qualified dividend income is eligible for reduced dividend rates.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Pursuant to Internal Revenue Code Section 59(d), alternative minimum tax ("AMT") could be apportioned between a REIT and its stockholders to the extent that the REIT distributes it regular taxable income. Since we have distributed our taxable income, the AMT adjustments are being apportioned to our stockholders. As such, we have determined that 11.296% of each distribution to our stockholders for the tax year ended December 31, 2015 consists of an AMT adjustment (i.e., for each $1 of dividend reportable by a stockholder, $0.11296 represents an AMT adjustment).</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Deferred Compensation</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We have a stock incentive plan under which the Board of Directors has the authority to issue shares of stock to certain directors, officers and employees of ours and our Manager.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In May 2015, we issued 20,430 shares of fully vested common stock to certain independent members of the Board of Directors under the 2014 Plan and recorded $0.1 million to selling and administrative expense in our consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In March 2015, we issued 328,400 shares of restricted common stock under the 2014 Plan to certain employees of ours and our Manager, inclusive of 105,000 shares granted to our chief executive officer, Mr. Ivan Kaufman, with a total grant date fair value of $2.3 million and recorded $0.4 million to employee compensation and benefits and $0.4 million to selling and administrative expense in our consolidated statements of income. One third of the shares vested as of the date of grant, one third will vest in March 2016, and the remaining third will vest in March 2017. In March 2015, we also issued 63,000 shares of fully vested common stock to the independent members of the Board of Directors under the 2014 Plan and recorded $0.4 million to selling and administrative expense in our consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> During the first quarter of 2015, we issued 74,294 shares of restricted common stock to Mr. Kaufman under his 2015 annual incentive agreement with a grant date fair value of $0.5 million and recorded $0.1 million to employee compensation and benefits in our consolidated statements of income. One quarter of the shares vest as of the date of grant and one quarter will vest on each of the first, second and third anniversaries of the date of grant. Mr. Kaufman was also granted up to 445,765 performance-based restricted stock units that vest at the end of a four-year performance period based on the our achievement of certain total stockholder return objectives. The restricted stock units had a grant date fair value of $1.2 million and we recorded $0.3 million to employee compensation and benefits in our consolidated statements of income for the year ended December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> As of December 31, 2015, unvested restricted stock consisted of 212,241 shares granted to our employees with a grant date fair value of $1.5 million and 154,169 shares granted to employees of our Manager with a grant date fair value of $1.1 million, which is subject to remeasurement each reporting period. Expense is recognized ratably over the vesting period in our consolidated statements of income in selling and administrative expense and employee compensation and benefits expense, respectively. During the year ended December 31, 2015, we recorded the ratable portion of the unvested restricted stock to employees as employee compensation and benefits for $0.9 million and for non-employees to selling and administrative expense for $0.8 million. During the second quarter of 2015, 916 shares of unvested restricted stock with a grant date value of less than $0.1 million were forfeited.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In May 2014, we issued 278,000 shares of restricted common stock under the 2014 Plan to certain employees of ours and our Manager with a total grant date fair value of $2.0 million and recorded $0.3 million to employee compensation and benefits and $0.3 million to selling and administrative expense in our consolidated statements of income. One third of the shares vested as of the date of grant, one third vested in May 2015, and the remaining third will vest in May 2016. In May 2014, we also issued 63,000 shares of fully vested common stock to the independent members of the Board of Directors under the 2014 Plan and recorded $0.4 million to selling and administrative expense in our consolidated statements of income. As of December 31, 2014, unvested restricted stock consisted of 138,584 shares granted to employees of our Manager with a grant date fair value of $1.0 million, which is subject to remeasurement each reporting period, and 110,666 shares granted to our employees with a grant date fair value of $0.8 million. Expense is recognized ratably over the vesting period in our consolidated statements of income in selling and administrative expense and employee compensation and benefits expense, respectively. During the year ended December 31, 2014 we recorded the ratable portion of the unvested restricted stock to employees as employee compensation and benefits for $0.4 million and for non-employees to selling and administrative expense for $0.5 million in our consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In May 2013, we issued 70,000 shares of fully vested common stock to the independent members of the Board of Directors under the 2003 Stock Incentive Plan, as amended and restated in 2009 (the "2003 Plan"), and recorded $0.5 million to selling and administrative expense in our consolidated statements of income. In February 2013, we issued 192,750 shares of restricted common stock under the 2003 Plan to certain employees of ours and our Manager with a total grant date fair value of $1.5 million and recorded $0.2 million to employee compensation and benefits and $0.4 million to selling and administrative expense in our consolidated statements of income. One third of the shares vested as of the date of grant, one third vested in February 2014, and the remaining third vested in February 2015. During the third quarter of 2013, 667 shares of unvested restricted stock with a grant date fair value of less than $0.1 million were forfeited. As of December 31, 2013, unvested restricted stock consisted of 82,500 shares granted to non-employees with a grant date fair value of $0.7 million, which is subject to remeasurement each reporting period, and 45,333 shares granted to our employees with a grant date fair value of $0.4 million. Expense is recognized ratably over the vesting period in our consolidated statements of income in selling and administrative expense and employee compensation and benefits expense, respectively. During the year ended December 31, 2013, we recorded the ratable portion of the unvested restricted stock to employee compensation and benefits for $0.2 million and to selling and administrative expense for $0.3 million in our consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Vesting of restricted shares is dependent on a service requirement. Dividends paid on restricted shares are recorded as dividends on shares of our common stock whether or not they are vested. For accounting purposes, we measure the compensation costs for these shares as of the date of the grant, with subsequent remeasurement for any unvested shares granted to non-employees of ours with such amounts expensed against earnings, at the grant date (for the portion that vest immediately) or ratably over the respective vesting periods.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Warrants</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> In connection with a debt restructuring with Wachovia Bank in 2009, we issued Wachovia 1,000,000 warrants at an average strike price of $4.00 and an expiration date in July 2015. On July 1, 2014, we acquired and canceled all of the warrants in return for the payment of $2.6 million, recorded to additional paid in capital, which reflects a 5% discount to the prior day closing price of our common stock of $6.95.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Accumulated Other Comprehensive Loss</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> At December 31, 2015, accumulated other comprehensive loss was $4.8 million and consisted of $4.7 million of net unrealized losses on derivatives designated as cash flow hedges, and $0.6 million of net deferred losses on terminated interest swaps, less a $0.4 million unrealized gain related to available-for-sale securities. At December 31, 2014, accumulated other comprehensive loss was $14.7 million and consisted of $13.9 million of net unrealized losses on derivatives designated as cash flow hedges, and $1.1 million of net deferred losses on terminated interest swaps, less a $0.3 million unrealized gain related to available-for-sale securities.</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> Reclassifications out of accumulated other comprehensive loss is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Statement of Income Caption</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net realized losses on derivatives designated as cash flow hedges:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,149,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,706,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Interest expense(1)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Termination of Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,626,192
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Loss on termination of swaps(1)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Net realized gain on sale of available-for-sale investments:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 20pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">RMBS investment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>431,476
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Other income(2)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;font-size:12pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(1) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">See Note 8—"Derivative Financial Instruments" for additional details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">(2) </font></p>
</td>
<td colspan="2" valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">See Note 4—"Securities" for additional details.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;">Noncontrolling Interest</font>
</p>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> We had a noncontrolling interest representing a third party's one third interest in the equity of a consolidated subsidiary that owns an investment that carried a note payable related to the exchange of a profits interest transaction. In the fourth quarter of 2013, the entity's operating agreement was amended to provide joint control to the members of the entity, and therefore, the entity was deconsolidated. Upon completion of this transaction, we deconsolidated the entity and noncontrolling interest was reduced to zero. For the year ended December 31, 2013, we recorded income of $0.1 million as well as distributions of $2.1 million attributable to the noncontrolling interest.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
17625000
1000000
667
916
262750
341000
486124
70000
63000
278000
74294
63000
328400
105000
20430
129360751
129184501
176250
129360751
6514000
6504000
10000
6514000
-7
7
-9
9
1600142
1597515
2627
1600142
1989439
1986029
3410
1989439
3442683
3437822
4861
3442683
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 18—Subsequent Event</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On February 25, 2016, we entered into a definitive agreement to acquire the agency platform (the "Acquired Businesses") of our Manager for $250.0 million. The purchase price is to be paid 50% in stock and 50% in cash with the stock component to be paid with 19.23 million operating partnership units, which was based on a stock price of $6.50 per share. The purchase price is subject to potential adjustment based on changes in the value of the acquired servicing portfolio on the closing date. We have the option, at the discretion of the special committee of our Board of Directors, to utilize up to $50.0 million of seller financing to satisfy a portion of the cash consideration. All of the employees directly related to the Acquired Businesses will become a part of the Company following the consummation of the transaction.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In addition, we obtained a two year option for $25.0 million to purchase the existing management contract and fully internalize the management structure. The exercise of this option is at the discretion of the special committee of the Board of Directors, which has no obligation to exercise its option.</font>
</p>
<p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The transaction will require certain government and GSE approvals as well as a stockholder vote and other third party approvals. The transaction is expected to close during the third quarter of 2016; however, there can be no assurances that the transaction will be completed during this period or at all.</font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
0
4400000
34049310
5900000
<div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">of Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Rate of</font><br /><font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.95
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.95
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;"> </font>
</p></div><div style="margin-left:0%;margin-right:0%;">
<p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div>
346454465
344324649
100
578000
1551716
42835144
50368344
51007328
42399872
50143648
50857750